The DOW seems to respect the top trendline at this time.
IF a 5 wave reverse is in play ---> wave 2 ended with a 88% reverse of wave 1.
A break of 17105 can validate the 5 wave drop.
However,there is a possibility DOW will make a new ATH that would invalidate the ABC pattern
In that scenario we could have a 5 wave up move,a break up of 18012 will validate that.
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IF a 5 wave reverse is in play ---> wave 2 ended with a 88% reverse of wave 1.
A break of 17105 can validate the 5 wave drop.
However,there is a possibility DOW will make a new ATH that would invalidate the ABC pattern
In that scenario we could have a 5 wave up move,a break up of 18012 will validate that.
If you like this chart,,Thumbs UP
I accept all comments on this.
