• 857 days Will The ECB Continue To Hike Rates?
  • 857 days Forbes: Aramco Remains Largest Company In The Middle East
  • 859 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 1,259 days Could Crypto Overtake Traditional Investment?
  • 1,264 days Americans Still Quitting Jobs At Record Pace
  • 1,266 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 1,269 days Is The Dollar Too Strong?
  • 1,269 days Big Tech Disappoints Investors on Earnings Calls
  • 1,270 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 1,272 days China Is Quietly Trying To Distance Itself From Russia
  • 1,272 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 1,276 days Crypto Investors Won Big In 2021
  • 1,276 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,277 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,279 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,280 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,283 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,284 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,284 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,286 days Are NFTs About To Take Over Gaming?
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…

What's Behind The Global EV Sales Slowdown?

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

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: Extension Expected

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)) is showing 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 20532.6. Index has broken above Minuette wave (iii) to confirm that wave Minuette wave (v) has started. Up from 20532.6, Subminuette wave (i) of (v) ended at 20747.6, and Subminuette wave (ii) of (v) is proposed complete at 20677.4. Near term, while dips stay above 20541.2, expect Index to resume higher. We don't like selling the Index and expect buyers to appear in 3, 7, or 11 swing while Index remains above Minuette wave (iv) at 20532.6. If Index breaks below 20538.7, it can be an indication that Minute wave (iii) has ended, and that Index has started Minute wave (iv) pullback.


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