PRO_Indicators

DOW / H2 : possible ending diagonal to terminate "Trump" wave

Short
FX:US30   Indice moyen Dow Jones Industriel
Better watch this closely. There's very interesting risk reward ratio here. And I'll probably drop a short if we have a bearish breakout of that possible ending diagonal formation that would complete the 5th wave of our second impulse of higher degree. Market is still bullish (wave 3... so still have a 5th wave to complete) but as our 3rd wave here provided not a single retracement within its 2&4 subwaves, generally we see those impulses ending with an "ending diagonal" like this. Typically meaning the exhaustion of a wave that got too far. Other tip, those wave are generally retraced a little bit more that the usual 38,2% retracement target for wave 4. It generally shows a complex retracement with WXYXZ form that goes near 50% retracement . So keep that in mind for your targets and bullish reactivation zone.
Transaction en cours: First agressive entry made right here. Maybe a little too soon, the best would have been to wait for 100-127% extension of previous subwave as displayed on the chart

Daily Market Reviews (FR+ENG) : https://youtube.com/c/proindicatorsbundle

// Website : https://pro-indicators.com
// Discord : https://discord.gg/Agdf5rt
// Twitter (FR) : https://twitter.com/Phil_RX
// Telegram (ENG) : https://t.me/pro_indicators