• 96 days Could Crypto Overtake Traditional Investment?
  • 101 days Americans Still Quitting Jobs At Record Pace
  • 103 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 106 days Is The Dollar Too Strong?
  • 106 days Big Tech Disappoints Investors on Earnings Calls
  • 107 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 109 days China Is Quietly Trying To Distance Itself From Russia
  • 109 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 113 days Crypto Investors Won Big In 2021
  • 113 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 114 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 116 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 117 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 120 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 121 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 121 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 123 days Are NFTs About To Take Over Gaming?
  • 124 days Europe’s Economy Is On The Brink As Putin’s War Escalates
  • 127 days What’s Causing Inflation In The United States?
  • 128 days Intel Joins Russian Exodus as Chip Shortage Digs In
  1. Home
  2. Markets
  3. Other

On the Edge of an Elliott Wave PRECIPICE!

Dow Jones Industrials

30 min

Dow Industrials 30-Minute Chart
Larger Image

4 Hours

Dow Industrials 4-Hour Chart
Larger Image

Daily

Dow Industrials Daily Chart
Larger Image

My Bias: market top is in.
Wave Structure: Impulsive 5 wave structure, possibly topping in an all time high.
Long term wave count: Topped in wave (5)
Important risk events: USD: Unemployment Claims, 

The way the price action is lining up in the DOW right now is nothing short of startling!
And the prognosis that the current Elliott wave pattern has for the stock market and in turn the world economy, is one of financial cataclysm.

On Tuesday the 4th of April I Published my nightly Elliott wave analysis titled 'A market on the edge of an Elliott wave precipice.'

I showed this chart, and said:

"The structure off the recent wave 'i' low at 20409 is a developing three wave form
and the likely target for wave 'c' red is at 20831.
The minimum expectation for wave 'c' to complete is at 20750, just above the wave 'a' high.

At that point, the stock market will be standing on the edge of an Elliott wave precipice!
The bear market should kick off from there."

At that point the market stood at 20675.

Dow Industrials 30-Minute Chart 2
Larger Image

The following day, Wednesday the 5th of April, saw the DOW rally to a high at 20887, a 210 point rally and slightly above the target set the night before.

From there, a three wave corrective rally was complete as was suggested by the chart,
and the DOW quickly plunged 265 points off a wave 'ii' high.

Heres how the market stands on Thursday morning, the 6th of April.

Dow Industrials 30-Minute Chart 3
Larger Image

The market has now plunged by 320 points into the low of the day so far,

And the Elliott wave structure on display right now,
suggests that the market is only at the very beginning of something much bigger!
I will be tracking every single wave of this new developing bear market,

You cannot afford to ignore this developing Elliott wave story.

Your financial future may depend on it!

 

Back to homepage

Leave a comment

Leave a comment