DOW opened with a rally but closed below the falling 34 MA. Here are two 1 hr charts in different shapes.

DOW 1 hr line now. You see the double bottom before the 8 MA start to move up. Then the small first and second waves. The long third wave and the fourth wave making a big head. Finally the fifth wave which starts with the opening rally.

DOW 1 hr bar now. The uptrend continues in the fifth wave.