The Dow Jones remains consistent and continues to push for new heights. Also in the mid and long-term, we believe the index to further increase and perform well. Hence, we thought it would be useful to identify an imminent potential entry point. We expect the Dow Jones to finish its third wave at slightly above 31700 points, which is then followed by a smaller correction. Then a bullish wave 5 should peak at slightly below 31900 points. After that we expect a larger correction to set in and pull the curve down between 31103 and 30875 points. Here, we see a nice chance for long positions.
Let’s see what happens!
Let’s see what happens!
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📊 Free daily market insights combining macro + Elliott Wave analysis
🚀 Spot trends early with momentum, sentiment & price structure
🌐 Join thousands trading smarter - full free analyses at dailymarketupdate.com
🚀 Spot trends early with momentum, sentiment & price structure
🌐 Join thousands trading smarter - full free analyses at dailymarketupdate.com
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.