The Dow Jones chart shows signals for the end of the upward movement phase.
There is the development of a triple three wave structure on a higher time-frame. Currently, the wave [xx] has been formed. After this the price should resume its downward movement.
Waves of a lower time-frame form a triple three. The price is currently in the wave (z). When this wave is completed, a more directional price movement is expected.
Despite the positive dynamics of the market movement, the possibility of resuming the downward movement after the completion of the current wave shouldn’t be excluded.
In this situation, it should be emphasized that short positions remain preferable.
Alternative scenario
Long positions should be looked for after the breakout of the top of the current wave.