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
Comment:
Dow jones going as per analysis.
Comment:
Now I feel it can either go for touching the upper trendline or it can give reversal for Y wave.
Comment:
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.
Comment:
Respected the upper trend line
Comment:
US100 UPDATE: