DJI in consolidation! Next target prob. at 24000 (0,24)
Comment:
Correction started 2018-01-29. Since then, there are two possible scenarios:
1st: ABC-correction as first leg A of a "Flat" with target for the first leg at 1,618 (25378) or 2,618 (24812 = test of the black dotted line).
2nd: 1-2-3-4-5 (impulsive pattern) as first leg A of a ZigZag, which would directly lead to 24000.
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.
1st: ABC-correction as first leg A of a "Flat" with target for the first leg at 1,618 (25378) or 2,618 (24812 = test of the black dotted line).
2nd: 1-2-3-4-5 (impulsive pattern) as first leg A of a ZigZag, which would directly lead to 24000.