Dowjonesindustrial
DOW Elliott Wave Analysis for Friday 20/10/2023We believe we are doing a WXY structure in the higher time frame and we are currently working on the wave X up. The primary scenario suggests a wxy structure for the wave X which is missing one more swing up. An abc structure for the wave X is also still possible.
DOW Elliott Wave Analysis for Thursday 19/10/2023We believe we are doing a WXY structure in the higher time frame and we are currently working on the wave X up. The primary scenario suggests a wxy structure for the wave X which is missing one more swing up. An abc structure for the wave X is also still possible.
DOW Elliott Wave Analysis for Monday 16/10/2023 (+ Higher TF)The primary expectation is that wave ((c)) of wave 2 is finished. We had a strong reaction from the reversal areas. However, in the lower time frame, we are missing one more swing up to identify an impulse. If we do not get the additional swing up, we probably take out the low as an impulsive fifth wave down.
DOW Elliott Wave Analysis for Friday 13/10/2023The primary expectation is that wave ((c)) of wave 2 is finished. We are in the areas from where we can expect a reversal. If the reversal is not coming and we take out the low, the secondary scenario with an additional impulse down as wave ((v)) comes into play.
DOW Elliott Wave Analysis for Thursday 12/10/2023The primary expectation is that wave ((c)) of wave 2 is finished. We are in the areas from where we can expect a reversal. If the reversal is not coming and we take out the low, the secondary scenario with an additional impulse down as wave ((v)) comes into play.
DOW Elliott Wave Analysis for Wednesday 11/10/2023The primary expectation is that wave ((c)) of wave 2 is finished. We are in the areas from where we can expect a reversal. If the reversal is not coming and we take out the low, the secondary scenario with an additional impulse down as wave ((v)) comes into play.
US30US30 is trading in descending channel and printing consistent LLs LHs. Recently the price is broken the important support zone and now retesting the broken level, which is also the 50% Fib retracement level.
If the sell momentum continues the next target could be 33100 followed by 32800 region.
What you guys think of this idea
Dow Jones 10/10 MoveDow Jones - DJI
Description :
Bullish Channel as an Corrective Pattern in Short Time Frame and it has Breakout the Lower Trend Line , It will Complete its Retracement at Previous Strong Support or till its Lower Trend Line at Fibonacci Level - 61.80% / 78.60%
Entry Precautions :
Wait until it Rejects with Strong Bearish Price Action
DOW Elliott Wave Analysis for Tuesday 10/10/2023The primary expectation is that wave ((c)) of wave 2 is finished. We are in the areas from where we can expect a reversal. If the reversal is not coming and we take out the low, the secondary scenario with an additional impulse down as wave ((v)) comes into play.
DOW Elliott Wave Analysis for Monday 09/10/2023 (+ Higher TF)The primary expectation is that wave ((c)) of wave 2 is finished. We are in the areas from where we can expect a reversal. If the reversal is not coming and we take out the low, the secondary scenario with an additional impulse down as wave ((v)) comes into play.
DOW Elliott Wave Analysis for Friday 06/10/2023The primary expectation is now that wave ((b)) is finished and that we are doing wave ((c)). It looks like we are working on the fifth wave of wave ((c)). We are in the areas from where we can expect a reversal. If the reversal is not coming, we will focus on the secondary scenario.
DOW Elliott Wave Analysis for Thursday 05/10/2023The primary expectation is now that wave ((b)) is finished and that we are doing wave ((c)). It looks like we are working on the fifth wave of wave ((c)). We are in the areas from where we can expect a reversal. If the reversal is not coming, we will focus on the secondary scenario.
DOW Elliott Wave Analysis for Wednesday 04/10/2023The primary expectation is now that wave ((b)) is finished and that we are doing wave ((c)). It looks like we are working on the fifth wave of wave ((c)). We are in the areas from where we can expect a reversal. If the reversal is not coming, we will focus on the secondary scenario.
DOW Elliott Wave Analysis for Monday 02/10/2023 (+ Higher TF)For traders (lower timeframe):
The primary expectation is now that wave ((b)) is finished and that we are doing wave ((c)). It looks like wave ((c)) is still missing a fifth wave down.
For investors (higher timeframe):
In the higher timeframe, if it plays out, investors should wait for the completion of the expanded flat pullback. The wave (2) area (in red) is a nice buying opportunity for investors.