■Outlook of DJI.
Outlook for DJI on the 1D chart.
There have been no changes since the last update.
It looks like the waves of the upper degree are forming an Expanded Flat, and the wave of the lower degree are forming a Diagonal.
If this scenario is correct, Wave (b) will probably expand 1.618 times more than Wave (a).
So, the target of Wave (b) will be 42,000 to 44,000.
After that, the upper degree channel line (black dotted line) will reject sub-wave c and (b).
When Wave (b) is complete, the trend will switch to a downtrend.
Outlook for DJI on the 1D chart.
There have been no changes since the last update.
It looks like the waves of the upper degree are forming an Expanded Flat, and the wave of the lower degree are forming a Diagonal.
If this scenario is correct, Wave (b) will probably expand 1.618 times more than Wave (a).
So, the target of Wave (b) will be 42,000 to 44,000.
After that, the upper degree channel line (black dotted line) will reject sub-wave c and (b).
When Wave (b) is complete, the trend will switch to a downtrend.
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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.
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.