■Outlook of DJI on 1-Day chart
We are on the wave(ⅳ) shown as a purple line.
Sub-waves of the wave(ⅳ) will be probably zigzag.
If the assumption is correct, we are on sub-wave c of the zigzag, and sub-wave c will be Impulse.
the target of wave (iv) is as follows.
1. 38.2% Fibo level of wave (ⅲ), $32,374.
2. Acceleration channel touch, $32900.
3. Deceleration channel touch.
In this scenario, the stop loss level is $35,824.
■Last time idea, 1D, Jan 23.
We are on the wave(ⅳ) shown as a purple line.
Sub-waves of the wave(ⅳ) will be probably zigzag.
If the assumption is correct, we are on sub-wave c of the zigzag, and sub-wave c will be Impulse.
the target of wave (iv) is as follows.
1. 38.2% Fibo level of wave (ⅲ), $32,374.
2. Acceleration channel touch, $32900.
3. Deceleration channel touch.
In this scenario, the stop loss level is $35,824.
■Last time idea, 1D, Jan 23.
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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.