• 18 hours Squid Game Rampage Fails to Lift Netflix Stock After Stellar Earnings
  • 23 hours Why Tesla, EV Stocks, Could Remain Highly Volatile For Years
  • 3 days Did Big Bank Earnings Just Signal ‘Real’ Economic Recovery?
  • 4 days The Cannabis Industry Is Looking To Fill The Employment Gap
  • 4 days Apple Capitalizes On Upward Momentum Ahead Of Earnings
  • 7 days Earnings Beat Isn’t Enough for S&P 500 Q3
  • 9 days The New World Tax Order
  • 10 days Is Crypto Finally Ready To Pay The Piper?
  • 11 days Is It Time To Buy The Global Gaming Market Dip?
  • 14 days Even The Mafia Has A Millennial Problem
  • 16 days Zuckerberg Loses Billions in Social Media Outage
  • 17 days ‘Pandora Papers’ Leak Reveals More Financial Crime
  • 18 days US Retail Has A Major Supply Chain Problem
  • 21 days China Has Set Out To Crush Crypto...Again
  • 22 days Top Performing Cannabis Stocks of the Year
  • 23 days Millennials Could Power A 20-Year Bull Stock Market
  • 28 days The Million-Dollar Question: Will China Bail Out Evergrande?
  • 30 days 3 Restaurant Stocks In Full Recovery Mode
  • 30 days Bitcoin Is Driven By Testosterone
  • 35 days Quantum Computing Is The Newest Megatrend In Silicon Valley
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