Dow Jones Futures Wave Two Pullback Targets 51,182–49,991
Dow Jones Futures (YM) is correcting its rally from the 45,430 low in wave 2, with downside targets at 51,182–49,991 as long as the index stays below 53,105, according to Elliott Wave analysis.
YM
Dow Jones Futures (YM) are pulling back in what Elliott Wave practitioners identify as wave 2, correcting the multi-point rally from the 45,430 low.
The pullback could extend toward initial support at 51,182, with deeper downside to 49,991. The structure remains vulnerable to further losses as long as the price stays below the 53,105 level. A break above that would challenge the wave count.
Source: FXStreet Forex News