Buy dips on Dow Jones - In the 5th wave?
DOW30 is Bullish - We look to Buy at 24350
▪️ The overnight dip has been bought into and there is scope for further bullish pressure going into this morning.
▪️ A higher correction is expected.
▪️ Previous resistance level of 24550 broken.
▪️ Signals are mixed but remain mildly bullish with a short-term timeframe highlighting an exhaustion count.
▪️ We look for a temporary move higher.
▪️ Preferred trade is to buy on dips.
Stop: 24200
Target1: 24800
Target2: 25000
▪️ The overnight dip has been bought into and there is scope for further bullish pressure going into this morning.
▪️ A higher correction is expected.
▪️ Previous resistance level of 24550 broken.
▪️ Signals are mixed but remain mildly bullish with a short-term timeframe highlighting an exhaustion count.
▪️ We look for a temporary move higher.
▪️ Preferred trade is to buy on dips.
Stop: 24200
Target1: 24800
Target2: 25000
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