In my view the prices are going upward in light blue wave c of blue wave x and the ideal target for this wave is near 37-38 area where we will find massive resistance and bear enters into the market. How ever there is possibility that this blue wave x can extend up to 45 - 46 area but it is matter of time. Once blue wave x finish and will place top we see sharp...
Today i counted Elliott waves on DJIA chart and for simplicity and better view i convert chart into log scale.
In my opinion, this index has been going in uptrend since after great depression in 1930 ends.
Economic historian attributed the start of the Great Depression to the sudden devastating collapse of US markets, and afterwards there been a great debate...
This pair has finished brown sub five wave structure into main red wave 3 on April, 2015 near 134 and then completing its correction in red wave 4 towards its ideal target 50 in long term. We will expect this correction as simple abc correction, but there is also a possibility of double and threes combination that is usually occurs in wave 4. Once this correction...
Refer to my previous Monthly analysis on January, 2016, We slightly changed in our short term view. red wave 5 of green wave iii of blue wave 1 has not been finished yet and we expect one more upside rally to finish red wave 5.
Once this red wave 5 finished we will see correction in green wave iv towards 40-41 area where we expect that this share placed long...
