DOWJONES -12-17 MAY

dow jones on hourly chart scale colpted 5th down wave cyle.. so there is good chance to upsdie if traded above wekly bullish level...on eod basis this upwave will lead to uper chanel line
PIVOT , LOWER TARGET AND UPER TARGET VALID ONLY FOR CURRENT WEEK ONLY ---------------------
UPWAVE(4-5) UT3 : --13,071
UPWAVE(2-3) UT2 : --12,988 (target achived)
UPWAVE(0-1) UT1: --12,854 (target achived)
UT=UPER TARGET
++++(12,770.66) PRICE IS BULLISH ABOVE WEEKLY PIVOT POINT (price trigerd)
------(12,719.34) PRICE IS BEARISH BELOW WEEKLY PIVOT POINT
LT=LOWER TARGET
DOWN WAVE(0-1) LT1 : ---12,636
DOWN WAVE(2-3) LT2 : : ---12,502
DOWN WAVE(4-5) LT3 : ---12,419