DJI large Elliot waves analysis
The DJI may be close to completing a "Wave 5 " pattern on the large charts, this would be the end of the strong bull run if this was the case. Into the final parts of the move we typically see a false bearish breakout in wave 5 ending under 38% retracement and then we see a parabolic move into the final high. Both of these conditions have now completed from the start of the March 2020 Covid crash to the current price today as we head into September 2021.
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