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Dow Jones Incomplete Bearish Sequence
It can observed from the chart of Dow Jones Industrial Average Index we are in the mid of the correction happening right now.
The Elliott wave sequence are as mentioned below:
1. We made an internal WXY in miner degree.
2. We have completed W-X wave of higher degree WXY.
3. We are in Y leg of the higher degree WXY.
4. Out 3 wave of Y leg we have completed A wave.
5. We are currently in B wave of abc of Y wave.
6. Invalidation level is mentioned on the chart.
Any doubt you may directly ask me on comment section.
This is not a trade recommendation but only a view.
Thank you.
Regards
The Elliott wave sequence are as mentioned below:
1. We made an internal WXY in miner degree.
2. We have completed W-X wave of higher degree WXY.
3. We are in Y leg of the higher degree WXY.
4. Out 3 wave of Y leg we have completed A wave.
5. We are currently in B wave of abc of Y wave.
6. Invalidation level is mentioned on the chart.
Any doubt you may directly ask me on comment section.
This is not a trade recommendation but only a view.
Thank you.
Regards
Nota
Dow jones going as per analysis.Nota
Now I feel it can either go for touching the upper trendline or it can give reversal for Y wave.Nota
Now US30/DJI may show you 500-800 points in a first move down. This my view and I have invalidation in mind and its also shown in the chart. There might be cooking something inside. C leg act as an impulsive move. Be cautious on long side.Nota
Respected the upper trend lineNota
US100 UPDATE:
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Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.