• 507 days Will The ECB Continue To Hike Rates?
  • 508 days Forbes: Aramco Remains Largest Company In The Middle East
  • 509 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 909 days Could Crypto Overtake Traditional Investment?
  • 914 days Americans Still Quitting Jobs At Record Pace
  • 916 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 919 days Is The Dollar Too Strong?
  • 919 days Big Tech Disappoints Investors on Earnings Calls
  • 920 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 922 days China Is Quietly Trying To Distance Itself From Russia
  • 922 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 926 days Crypto Investors Won Big In 2021
  • 926 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 927 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 929 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 930 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 933 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 934 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 934 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 936 days Are NFTs About To Take Over Gaming?
What's Behind The Global EV Sales Slowdown?

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

How The Ultra-Wealthy Are Using Art To Dodge Taxes

How The Ultra-Wealthy Are Using Art To Dodge Taxes

More freeports open around the…

Elliottwave-Forecast

Elliottwave-Forecast

Elliottwave-Forecast

Elliottwave-Forecast.com (by EME PROCESSING AND CONSULTING LLC) was founded in 2005 by Eric Morera. Since inception our company has provided tailored Financial Market Services to…

Contact Author

  1. Home
  2. Markets
  3. Other

Dow Jones (INDU) Short-Term Elliott Wave Analysis

Decline to 17732.04 completed wave X and the Index has since moved higher. From wave X low, the rally took the form of a zigzag a-b-c, where wave a ended at 17973.07, wave b ended at 17910.15, and wave c of (w) completed at 18205.23. Wave (x) pullback is currently in progress towards an ideal target of 17843.94 - 17969.54 (50 - 76.4 back of wave (w) rally). We don't like selling wave (x) pullback and expect buyers to come at the area above for continuation higher or at minimum 3 waves higher to correct the decline from 18205.23.

Dow Jones Short-Term Elliott Wave Analysis Chart
Larger Image

 


If you would like to have an access of EWF analysis in real time, click here and feel free to join us. We provide Elliott Wave charts in 4 different time frames, 2 live webinars by our expert analysts every day, 24 hour chat room support, market overview, daily and weekly technical videos and much more.

 

Back to homepage

Leave a comment

Leave a comment