■Outlook of DJI on 1-Day chart.
Wave(ⅲ) and sub-waveⅴwere completed and wave (ⅳ) shown as purple-line is probably starting.
If the assumption is correct,
the target of the wave (iv) is as follows.
1. end of sub-wave iv shown as orange-line, 33,270.
2. 38.2% Fibo level of wave (ⅲ), 32,390.
3. Acceleration channel touch.
In this scenario, the stop loss level is 36,950
Look at the chart idea below for the 2nd scenario.
■1st scenario,
Last time my idea, 1D, Dec 25.
■2nd scenario, 1D
Wave(ⅲ) and sub-waveⅴwere completed and wave (ⅳ) shown as purple-line is probably starting.
If the assumption is correct,
the target of the wave (iv) is as follows.
1. end of sub-wave iv shown as orange-line, 33,270.
2. 38.2% Fibo level of wave (ⅲ), 32,390.
3. Acceleration channel touch.
In this scenario, the stop loss level is 36,950
Look at the chart idea below for the 2nd scenario.
■1st scenario,
Last time my idea, 1D, Dec 25.
■2nd scenario, 1D
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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.