Couple months ago, I published my US30 Elliott Wave analysis stating the start of upward move which we saw in the past months.
Today, I am publishing the Elliott Wave breakdown of the upward move we have seen in past months which was anticipated in previous idea.
Coming to the point, it seems the rally is about to end and the correction is about to start. I am anticipating this correction to be somewhat big according to my Weekly wave count shown in previous chart, but lets see how things go.
Today, I am publishing the Elliott Wave breakdown of the upward move we have seen in past months which was anticipated in previous idea.
Coming to the point, it seems the rally is about to end and the correction is about to start. I am anticipating this correction to be somewhat big according to my Weekly wave count shown in previous chart, but lets see how things go.
Note
Check my previous US30 idea i have attached in Related publications to see my overall outlook on Dow Jones.Trade active
Trade closed: target reached
If the downward move up till now was ABC, then the path of market will be one of the 2 shown below.In case we see a 5th wave down turning the whole wave into 12345 instead of ABC, then the upward correction after that will not be able to go up as much.
Note
The downward move we saw during interest rate made the whole wave structure as 12345 instead of ABC.So any hoe on seeing new ATH on DJI is now highly unlikely anytime soon. Although we should be seeing upward correction but that will only be a correction, not an upward impulse.
Related publications
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.
Related publications
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.