Dow Jones Correction is not yet completed

2022年6月7日

Hello traders!
Hope you all are doing well.
As we are analyzing #US30 question comes to everyone mind that how much markets gonna dive low.
To answer this question lets get back to the previous bull run and correction where the market corrected 50% and almost near the 61%.
as far as the current trend is concerned it is not yet corrected even 28%. and practically it should correct 50% at least.
Why we believe that the current price should be corrected by 50%?
From the previous High (where the RSI was highest almost 90) to the current High (where RSI is about 70) Clearly shows that the pace of the market faded and the prices should come back. Further, the difference between prices of both highs is almost 39% i.e. over 10000 points, that we believe is exaggerated.
The yellow area is the correction zone that is the perfect area to go for a long position.

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