DJI prob. in a "Extended V Bottom", where the following wave c (grey) equals wave a (grey), just to finish larger wave b (red).
Target 1: for b (red)= 26060,
Target 2: for b (red)=26840 (Flat-pattern)
Keep in mind, that the daily volume, so far, does not follow the trend! There is yet another downswing to come...
Target 1: for b (red)= 26060,
Target 2: for b (red)=26840 (Flat-pattern)
Keep in mind, that the daily volume, so far, does not follow the trend! There is yet another downswing to come...
Note
Same pattern as SPX, btw...Note
IMPORTANT NOTE for the magenta ABC counts in wave a (grey): This could also be an impulse wave (most probably in NASDAQ)!BTW, the angle of the "extension" of the V Bottom equals 30 degrees...
Note
Note
Different counts on 1min scale: As described in my NASAQ idea, these counts would leed to a retest of the blue support-kine, without breaking the rules! Good luck!Note
Note
Simply click on chart aboveNote
15min chart: Possible "Flat"-pattern. Last wave c (magenta) should have a impulse- pattern with 1-2-3-4-5 counts.Note
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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.