Dow Jones Weekly for August 4-8 - Rakesh Chandra

On an EOD basis, Dow is in a non-trending zone, which is crucial, since a break and movement on any side would give strength in that direction.

The pivot, lower target and upper target are valid only.

Upwave (4-5) WUT3: 11,764;
Upwave (2-3) WUT2: 11,646;
Upwave (0-1) WUT1: 11,456;

Price is bullish above 11,338.30 and price is bearish below 11,265.70.

Down wave (0-1) WLT1: 11,148;
Down wave (2-3) WLT2: 10,958;
Down wave (4-5) WLT3: 10,840.