Dow Future Short Term Elliott Wave view suggests that the rally to 26690 ended Intermediate wave (3). Down from there, Intermediate wave (4) pullback is unfolding as a double three Elliott Wave structure where Minor wave W ended at 26121 and Minor wave X ended at 26314. Minor wave Y is in progress and while near term bounces stay below 26314, and more importantly below 26690, expect the Index to extend lower towards 25622 – 25754 area to end Intermediate wave (4) before Index resumes the rally or at least bounce in 3 waves. We don’t like selling the Index and expect buyers to appear from the above area for a 3 waves bounce at minimum.
FWP Network > Forexhound.com > Analysis > Stock Market Analysis > Indices > Elliott Wave Analysis: Dow Future in Correction
Elliott Wave Analysis: Dow Future in Correction
By Elliottwave-Forecast.com ()
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February 2, 2018
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Comments Off on Elliott Wave Analysis: Dow Future in Correction
Indices · DJIA, Dow Jones, Elliott Wave, Elliott Wave Theory, indices, Indu, YM_F
Indices · DJIA, Dow Jones, Elliott Wave, Elliott Wave Theory, indices, Indu, YM_F

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