DJI, Elliott wave analysisOutlook for DJI on the 12h chart.
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It looks like the waves of the upper degree are forming an Expanded Flat, and the waves of the lower degree are forming a Expanding Diagonal.
We are probably in sub-wave c of wave 5, and the final wave 5 within sub-wave c will complete soon.
If this scenario is correct, the target of final wave 5 will be 43,273* to 43,783**.
After that, the resistance line (black dotted line) will reject all waves, the upper-degree wave (b) will complete.
The next phase is the upper-degree wave (c). It will probably crash.
*1.618 times the upper degree wave (a).
**1.618 times the upper degree wave a.
Last time, my idea:
Sep 27, 2024. Short-term analysis.
