DOW is in an interesting point as it has been in a bull market for some years now and time for a reversal/correction is certainly due - but not without a last push up by the giant index.
As shown in the chart, we've seen a series of 3 wave moves in a consolidation of sorts and this generally indicates that the move is either an ending diagonal or triangle as prescribed using Elliot Wave theory.
With that said, I am expecting a 3 wave move to reach a new high before a sharp reversal.
Watch the space!!!
As shown in the chart, we've seen a series of 3 wave moves in a consolidation of sorts and this generally indicates that the move is either an ending diagonal or triangle as prescribed using Elliot Wave theory.
With that said, I am expecting a 3 wave move to reach a new high before a sharp reversal.
Watch the space!!!
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.