Signs of a new recession?
This is a simple Elliot Impulsive/ Correction Wave analysis of a hypothetical upcoming market recession based on the Dow Jones Industrial Average. The crash is modeled after the 2007 - 2009 Sub-prime mortgage crisis.
This projection is based on the assumption that the ABC correction wave will drop lower then the (2) impulsive mark by -12.85%. The A B points are estimated based on a very illustrative (1) (3) (4) channel.
This concludes the C wave at 9000.
This is an extreme scenario on a very long term scale and is not intended to be a trading recommendation. Use it at your own discretion for reference purposes.
This projection is based on the assumption that the ABC correction wave will drop lower then the (2) impulsive mark by -12.85%. The A B points are estimated based on a very illustrative (1) (3) (4) channel.
This concludes the C wave at 9000.
This is an extreme scenario on a very long term scale and is not intended to be a trading recommendation. Use it at your own discretion for reference purposes.
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