Dow Jones Industrial Average -Elliott Wave Count -01/17/25
The Dow Jones Industrial Average (DJI) since it’s 12/04/24 all – time high has a very clear Elliott wave pattern.
From 12/04/24 to 12/20/24 there is a clear five wave Impulse pattern.
Followed by an Elliott wave – Expanding Flat correction.
Primary target for a top is at the Fibonacci .618 retracement of the 12/04/24 to 01/13/25 decline. Right near this target is another Fibonacci price relationship. Minor wave “C” will be 1.618 the size of Minor wave “A” only 3 – Dow points from the .618 retracement level.
The Expanding Flat formation could peak sometime on 01/21/25.
From 12/04/24 to 12/20/24 there is a clear five wave Impulse pattern.
Followed by an Elliott wave – Expanding Flat correction.
Primary target for a top is at the Fibonacci .618 retracement of the 12/04/24 to 01/13/25 decline. Right near this target is another Fibonacci price relationship. Minor wave “C” will be 1.618 the size of Minor wave “A” only 3 – Dow points from the .618 retracement level.
The Expanding Flat formation could peak sometime on 01/21/25.
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.