The Dow found support at the intermediate uptrend channel last night but if this wave count is correct then it ought to break through that trendline towards the 38.2% Fib level at around 14534.
As long as the trendline holds then higher price could follow.
Note the support from the subwave 4 low at 14444 - that should not get broken by this correction even if the channel gets broken.
As long as the trendline holds then higher price could follow.
Note the support from the subwave 4 low at 14444 - that should not get broken by this correction even if the channel gets broken.