📉 DJI — Elliott Wave Top in Sight?
🔍 A long-term analysis with serious implications...
I've been diving deep into the Dow Jones Industrial Average (DJI), using Elliott Wave principles — and what I see may signal the end of one of the longest bull markets in history.
Elliott was right — the massive bull cycle did arrive and extended well into the 2000s. But now, that journey looks to be nearing its final destination.
Currently, I believe we're witnessing the development of an Ending Diagonal pattern — a structure often seen at the end of a major impulse. This formation appears to be completing a set of blue sub-waves, which in turn cap off the larger green primary impulse wave.
📍 The box marks my anticipated top for the DJI. From this point, I expect a strong reversal and the beginning of a major correction.
Now here's the shocking part:
If this correction plays out in time and reaches the Fibonacci 0.382 level, that would suggest a retracement spanning up to 86 years — yes, 86 years.
This isn’t just about markets anymore — such a scenario could carry massive consequences for the global economy and society as a whole.
If, however, we see a strong breakout above the box, then the ending diagonal thesis would be invalidated, and we might instead be witnessing an extended wave 5 — complete with five internal sub-waves.
But either way — the top is coming. It’s just a matter of when, and how hard we fall.
💬 What are your thoughts? Could we really be on the edge of a generational peak?
🔍 A long-term analysis with serious implications...
I've been diving deep into the Dow Jones Industrial Average (DJI), using Elliott Wave principles — and what I see may signal the end of one of the longest bull markets in history.
Elliott was right — the massive bull cycle did arrive and extended well into the 2000s. But now, that journey looks to be nearing its final destination.
Currently, I believe we're witnessing the development of an Ending Diagonal pattern — a structure often seen at the end of a major impulse. This formation appears to be completing a set of blue sub-waves, which in turn cap off the larger green primary impulse wave.
📍 The box marks my anticipated top for the DJI. From this point, I expect a strong reversal and the beginning of a major correction.
Now here's the shocking part:
If this correction plays out in time and reaches the Fibonacci 0.382 level, that would suggest a retracement spanning up to 86 years — yes, 86 years.
This isn’t just about markets anymore — such a scenario could carry massive consequences for the global economy and society as a whole.
If, however, we see a strong breakout above the box, then the ending diagonal thesis would be invalidated, and we might instead be witnessing an extended wave 5 — complete with five internal sub-waves.
But either way — the top is coming. It’s just a matter of when, and how hard we fall.
💬 What are your thoughts? Could we really be on the edge of a generational peak?
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.
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.