on hourly on daily scale dowjones is on oversold area..after relifrally ..selling presure will continue
PIVOT , LOWER TARGET AND UPER TARGET VALID ONLY FOR CURRENT WEEK ONLY ---------------------
UPWAVE(4-5) WUT3 : --13,102
UPWAVE(2-3) WUT2 : --12,941
UPWAVE(0-1) WUT1: --12,682
WUT= WEEKLY UPER TARGET
++++(12,521.50) PRICE IS BULLISH ABOVE WEEKLY PIVOT POINT--------
----(12,422.50) PRICE IS BEARISH BELOW WEEKLY PIVOT POINT--------
WLT= WEEKLY LOWER TARGET
DOWN WAVE(0-1) WLT1 : ---12,262
DOWN WAVE(2-3) WLT2 : : ---12,003
DOWN WAVE(4-5) WLT3 : ---11,842