DJI Still keeps the 72% medium term Bottom Targeting 28.000

But counting on the shape that this correction is taking a new short bottom with a high math chance has been formed around the low of 23,881.87.The Short Bottom Probability is now 89%, its Target Shell is pointing at 25,300/25,700 zone (x wave). There a final wave y should be topping and getting the prices down back in the 23,800 zone (even lower than) to make a new final medium term bottom, that should trigger prices up, to the TARGET SHELL of 28,000/28,100.


The big bear that all elliotitians are aware about, in my opinion is not here ….yet.

Comment:

The bottom probability at yesterday low of 23.162 is now only 33%, (from 89% to 33% it fell), I don´t trade anything below 60%.

About the EW pattern it keeps for now, this wave Y is extending more than all we need and want. Until I have at least 60% bottom chance I´ll take a step off from DJ futures on bought. I only have sold hedge position running, up now.