• 2 hours Did Big Bank Earnings Just Signal ‘Real’ Economic Recovery?
  • 1 day The Cannabis Industry Is Looking To Fill The Employment Gap
  • 4 days Earnings Beat Isn’t Enough for S&P 500 Q3
  • 6 days The New World Tax Order
  • 7 days Is Crypto Finally Ready To Pay The Piper?
  • 8 days Is It Time To Buy The Global Gaming Market Dip?
  • 11 days Even The Mafia Has A Millennial Problem
  • 13 days Zuckerberg Loses Billions in Social Media Outage
  • 14 days ‘Pandora Papers’ Leak Reveals More Financial Crime
  • 15 days US Retail Has A Major Supply Chain Problem
  • 18 days China Has Set Out To Crush Crypto...Again
  • 19 days Top Performing Cannabis Stocks of the Year
  • 20 days Millennials Could Power A 20-Year Bull Stock Market
  • 26 days The Million-Dollar Question: Will China Bail Out Evergrande?
  • 27 days 3 Restaurant Stocks In Full Recovery Mode
  • 27 days Bitcoin Is Driven By Testosterone
  • 32 days Quantum Computing Is The Newest Megatrend In Silicon Valley
  • 33 days How To Invest In The Cybersecurity Boom
  • 35 days Investors Are Patient With Unprofitable Giants
  • 37 days Wells Fargo Back In The Scandal Spotlight Once Again
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

DJIA Elliott Wave View: Marching Higher

Short term Elliott wave view in DJIA (Dow Jones Industrial Average) suggests that the rally from 1/19 low is unfolding as a 5 waves Elliott wave impulse structure where Minute wave ((i)) ended at 20125.28, Minute wave ((ii)) ended at 19784.7, and Minute wave ((iii)) remains in progress. Internal of wave ((iii)) shows an extension and subdivided also as an impulse structure where Minuette wave (i) ended at 20155.3, Minuette wave (ii) ended at 20015.3, Minuette wave (iii) ended at 20639.8 and Minuette wave (iv) ended at 20543.2. A break above Minuette wave (iii) at 20639.8 is needed to add conviction to this view that the Index has started the rally higher. Near term, while Index remains above 20543.2, but more importantly above 20015.3, expect the Index to continue higher within wave ((iii)). We don't like selling the Index.


DJIA 1 hour chart

Dow Jones Industrial Average 1-Hour Elliott Wave Analysis Chart
Larger Image


Elliott Wave Degree

 


At Elliottwave-Forecast, we offer 24 hour coverage of 52 instruments from Monday - Friday using Elliott Wave Theory as primary tools of analysis. We provide Elliott Wave chart in 4 different time frames, up to 4 times a day update in 1 hour chart, two live sessions by our expert analysts, 24 hour chat room moderated by our expert analysts, market overview, and much more! With our expert team at your side to provide you with all the timely and accurate analysis, you will never be left in the dark and you can concentrate more on the actual trading and making profits. Check out our 14 day Trial to sample everything we have to offer.

 

Back to homepage

Leave a comment

Leave a comment