US30 like all the Indices in the world have been shaken by the uncertainty, fear and maybe even panic of the world.
Like on my analysis for the German DAX index, the early signs where there.
We now had the first strong Impulse to the downside, which had 5 Waves with an extended Wave 5
This move can either be labelled as a Wave A or Wave 1. We have to wait how the market develops further.
After the first free fall, we got a correction, which had also 5 Waves, so it is a Wave A.
The last push to the downside was had 3 Waves and is therefore a Wave B.
Now Prices should recover and push to the next resistance, which is around the 38/50% Fibonacci Level.
This is no Investment advice. Just for educational purpose. Always have your risk Management in place.
Like on my analysis for the German DAX index, the early signs where there.
We now had the first strong Impulse to the downside, which had 5 Waves with an extended Wave 5
This move can either be labelled as a Wave A or Wave 1. We have to wait how the market develops further.
After the first free fall, we got a correction, which had also 5 Waves, so it is a Wave A.
The last push to the downside was had 3 Waves and is therefore a Wave B.
Now Prices should recover and push to the next resistance, which is around the 38/50% Fibonacci Level.
This is no Investment advice. Just for educational purpose. Always have your risk Management in place.
