INDU - Hourly Analysis - 15-05-2026
Primary Structure: Bullish Impulsive
Primary Trend: Bullish
Current Wave Structure: Potential Bullish Impulsive.
Expectations: The rise from the low of the blue wave "4" constitutes the black wave "III" as we have witnessed a new high. A pullback minimum of three waves should be expected in the black wave "IV" that has found support around the upper line of the base channel, where the 38.2% Fib retracement level also meets. The rise from its low is expected to continue after a small setback in the blue wave "2".Note: The wave degree has changed.
Recommendation: Wait for the pullback.
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