DOW Jones - Wave 5 Now In Progress - Pay Attention To This

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Blue Wave 5 of Wave C of Larger Wave 2 Now In Progress - Follow these waves precisely if you want to short.

This is not a short trade idea, this is analysis that will lead to me posting a short trade idea when the time comes, be patient.

See my related ideas below to see how we got here.

It looks like Blue Wave 4 just finished so now we are going to make one final high for Blue Wave 5 and then we need to see a break of the Magenta line to confirm Wave C is complete.

Once the Magenta line has broken you can either immediately place a short trade or wait for a correction to form.

I know the Blue Wave 4 correction looks weird but its valid. If reading the waves was easy then everyone would be a millionaire.

When I post the short trade idea for this I will wait for the correction to form after the break of the Magenta line for maximum safety and entry point.

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