Dow Jones Formed A Leading Diagonal?
Oct 31, 2023


Dow Jones Industrial sector is the strongest this week and we can see sharp and impulsive intraday stabilization that can cause a bigger recovery in upcoming weeks, but ideally only within a higher degree A-B-C corrective rally in wave B after we spotted a larger leading diagonal from the highs into wave A. So, we will still have to be aware of another sell-off on stocks, but maybe later, at the end of 2023 or beginning of 2024.

Dow Jones Formed A Leading Diagonal? DJI 4H Chart
DJI 4H Chart

If you are interested in more analysis like this, make sure to check our latest video of a live webinar recorded on October 30 2023 HERE.

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