The balance of power in Dow Jones is gradually improving. Market sentiment is becoming more positive for purchases.
The current chart shows the Wolfe Wave pattern, which is a six-leg wave structure. Wave 5 is visible and the Dow Jones price is in the “Sweet Zone” marked in green. Typically, the ascending sixth wave begins here, which reaches the line built along the tops of waves 1 and 4.
On this timeframe for Dow Jones it is preferable to open long positions.
📌 Entry: 47651.23
✔️ First goal: 47749.98
❌ Stop order: 47611.21
