Like a periscope, Dow Jones is craning its neck upwards, watching waves v in orange and (i) in blue unfolding before its eyes. To finish the current movement, the index should climb above the resistance at 35 521 points but ideally stop just short of the next mark at 36 446 points. Wave (ii) in blue should then lead Dow Jones decidedly back below 35 521 points. A 35% chance remains, though, for the index to turn downwards and to drop below the support at 28 635 points. In that case, Dow Jones would develop a new low in the form of wave alt.iv in magenta first before heading upwards again.
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📊 Daily market insights combining macro + Elliott Wave analysis
🚀 Spot trends early with momentum, sentiment & price structure
🌐 Join thousands trading smarter at hkcmglobal.com
🚀 Spot trends early with momentum, sentiment & price structure
🌐 Join thousands trading smarter at hkcmglobal.com
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.