■Outlook of DJI on 1-Day chart.
Wave(ⅲ) and sub-waveⅴwere completed and wave (ⅳ) shown as purple-line is starting.
Sub-waves of the wave ⅳ will be probably zigzag.
If the assumption is correct,
the target of the wave (iv) is as follows.
1. end of sub-wave iv shown as orange-line, 33,029.
2. 38.2% Fibo level of wave (ⅲ), 32,347.
3. Acceleration channel touch.
In this scenario, the stop loss level is 36,955.
■Last time idea, 1D, Jan 16.
■Dec 25 idea.
Wave(ⅲ) and sub-waveⅴwere completed and wave (ⅳ) shown as purple-line is starting.
Sub-waves of the wave ⅳ will be probably zigzag.
If the assumption is correct,
the target of the wave (iv) is as follows.
1. end of sub-wave iv shown as orange-line, 33,029.
2. 38.2% Fibo level of wave (ⅲ), 32,347.
3. Acceleration channel touch.
In this scenario, the stop loss level is 36,955.
■Last time idea, 1D, Jan 16.
■Dec 25 idea.
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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.