This is a wave projection, not a current support call.
Wave 4 is still developing, so the current move should be viewed as part of the ongoing correction.
Based on the present structure, 48,500 is being projected as a potential Wave 4 completion area.
The correction may need both time and price development, with the current projection allowing for a move toward this area around November 2026.
If Wave 4 completes around this zone and the structure confirms, Wave 5 could then begin.
Key points:
Wave 4 → still running
48,500 → projected completion area, not a current level
Time factor → correction may extend toward November
Wave 5 → considered only after Wave 4 completion/confirmation
Current projection → scenario, not a certainty
Important: The 56,000+ area shown on the chart is a potential Wave 5 projection, not a current target.
#DJI #ElliottWave #TechnicalAnalysis
Wave 4 is still developing, so the current move should be viewed as part of the ongoing correction.
Based on the present structure, 48,500 is being projected as a potential Wave 4 completion area.
The correction may need both time and price development, with the current projection allowing for a move toward this area around November 2026.
If Wave 4 completes around this zone and the structure confirms, Wave 5 could then begin.
Key points:
Wave 4 → still running
48,500 → projected completion area, not a current level
Time factor → correction may extend toward November
Wave 5 → considered only after Wave 4 completion/confirmation
Current projection → scenario, not a certainty
Important: The 56,000+ area shown on the chart is a potential Wave 5 projection, not a current target.
#DJI #ElliottWave #TechnicalAnalysis
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Update (Oct 31):Since this post, DJI moved up to ~52,900 and has come back to ~51,650. This kind of back-and-forth movement fits a flat / time-consuming Wave 4 correction.
Status:
🔹 Wave 4 → still in progress, no completion signal yet
🔹 48,500 → projected completion area (not yet tested)
🔹 Time window → November 2026 starts now, the key period for this projection
🔹 Invalidation → a move above 54,742 (Wave 3 high) would invalidate this Wave 4 count
Wave 5 (56,000+) is only considered after Wave 4 completes and the structure confirms.
This is a wave projection, not a certainty or financial advice.
#DJI #ElliottWave #TechnicalAnalysis
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.
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.