On the daily timeframe, the Dow Jones movement currently presents two possible scenarios.
Under the black label, there is a potential formation of a triangle pattern, suggesting that the Dow Jones may enter a prolonged consolidation phase to complete wave B, with an expected range between 38,200 and 40,400.
However, under the red label (alternative scenario), a bearish triangle could be forming as part of wave X.
Under the black label, there is a potential formation of a triangle pattern, suggesting that the Dow Jones may enter a prolonged consolidation phase to complete wave B, with an expected range between 38,200 and 40,400.
However, under the red label (alternative scenario), a bearish triangle could be forming as part of wave X.
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