Long

DJI prob. "Extended V Bottom"

Updated

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...

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Same pattern as SPX, btw...

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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...

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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!

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Simply click on chart above

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15min chart: Possible "Flat"-pattern. Last wave c (magenta) should have a impulse- pattern with 1-2-3-4-5 counts.

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wolfah

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