Dow Jones Futures possible start of a down wave

Ming Jong Tey
1 min readApr 21, 2020

Dow Jones (YM) broke down from the bearish rising wedge pattern, together with telltale signs such as shortening of the thrust, climatic movement up on 17 Apr followed by up thrust movement in the past 3 trading days. These should suggest a start of a down wave for Dow Jones futures.

Dow Jones futures — potential trade setup
Dow Jones futures — potential trade setup

Instrument: Dow Jones futures(YM)

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Ming Jong Tey

I am a Wyckoff trader who practice kaizen in trading. Get Weekly Market Outlook & Best Trading Advice straight to your inbox: https://www.tradeprecise.com/