DJI will go up after a short correction to 36,000
During the pandemic the DJIA has a big fall from 29,687 to about 18,200.
The Dow just hit 39,000 which is a key Fibonacci level, ( it is 61% above 29,687 when measuring from 18,200).
At this point the Dow will correct to about 36,000. This is about 61% below the a wave from the b wave.
From there the dow will go to about 43,000, completing a 5 wave structure in the monthly chart and a set up for a possible major correction in the coming months.
The Dow just hit 39,000 which is a key Fibonacci level, ( it is 61% above 29,687 when measuring from 18,200).
At this point the Dow will correct to about 36,000. This is about 61% below the a wave from the b wave.
From there the dow will go to about 43,000, completing a 5 wave structure in the monthly chart and a set up for a possible major correction in the coming months.
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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.