$DJIA $DJIA Long Term ElliottWave Count
The price of the Dow Jones 
DJI has reached long term extreme levels with the 14day RSI marking max levels inline.. Note Elliott Wave theory requires RSI divergence in wave 5 while wave 5 is not the extended one (wave 3 already extended).. Setting this rule on the side and assuming that indeed price is rolling the last 5th wave, I would like to see a possible small pull back to a Fibonacci level and then an extension up again to new highs to see what Fibonacci levels are playing in this last extension up and possibly decode the waves since the extension started.. The reason yet counts have not been marked on the chart for the last extension as wave 5 up.. Note as well at 21.2k price will hit a major resistance..
DJI has reached long term extreme levels with the 14day RSI marking max levels inline.. Note Elliott Wave theory requires RSI divergence in wave 5 while wave 5 is not the extended one (wave 3 already extended).. Setting this rule on the side and assuming that indeed price is rolling the last 5th wave, I would like to see a possible small pull back to a Fibonacci level and then an extension up again to new highs to see what Fibonacci levels are playing in this last extension up and possibly decode the waves since the extension started.. The reason yet counts have not been marked on the chart for the last extension as wave 5 up.. Note as well at 21.2k price will hit a major resistance.. 
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