• 4 hours Military Coups Are Big Business
  • 21 hours Crypto Market Crashes As Tesla Turns Its Back On Bitcoin
  • 2 days Gold Bulls Are Facing An Uphill Battle
  • 3 days Has The Dogecoin Hype Fizzled?
  • 5 days America's Semiconductor Shortage Is Just Getting Started
  • 8 days The EU Begins Backtracking On China Trade
  • 9 days Americans Are Sick Of Unfair Taxation
  • 11 days No Jab, No Job: The New Hardline Policy of U.S. Employers
  • 13 days What’s Included In Biden’s $6 Trillion Economic Plan?
  • 14 days The “Great Car Comeback” Brightens Oil Demand Outlook
  • 15 days The 3 Most Profitable Covid-19 Vaccine Stocks
  • 17 days Beijing Launches Digital Currency To Break AliPay-WeChat Duopoly
  • 18 days The New Economic World Order After Covid-19
  • 22 days 3 Signals To Watch For A Stock Market Correction
  • 24 days Netflix Earnings Red Alert: Subscriptions Could Underwhelm
  • 25 days Wall Street Banks Are Back
  • 25 days Elon Musk’s SpaceX Scores Big Win Over Jeff Bezos’ Blue Origin
  • 26 days Which Country Is The World’s Largest Investor In Batteries?
  • 28 days Are Bitcoin’s Environmental Risks Overblown?
  • 28 days Why The Gold Rush Ran Out Of Steam
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