Dow Jones Index going through Wave Y correction

If you guys listened to my advice in July, you should have made some good profits now. However, after careful analysis of DJIA's daily and weekly structure, I am convinced that this ongoing wave 4 correction is actually better described as WXY style, instead of ABC style correction. The top of Wave 4's Wave X (1 Oct 2018) did manage to get a bit higher up than the end of Wave 3 (22 Jan 2018), therefore it should be classified as an irregular 'Flat' type correction.

Assuming this wave 4 is indeed irregular 'flat' type correction, it could very possibly bottom out a bit lower than the lowest point of Wave W (2 Apr 2018), testing the support of overall ascending channel at somewhere around 23000. I DON'T advise any short trading here, although I believe it will go lower than the current level. Looking at the big, big picture, it's not worthy to short in such an extremely bullish market, too much risk for too little potential profit. Note that we're at Wave I which started in 2009 and I think should finish around 2022-2024. The ensuing correction could last a couple of years.

Although this article suggests you to Long, I don't mean you should long now, it's much safer to long at 23000s, which will be reached at the end of 2018 or beginning of 2019.

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My prediction has been very accurate, DJI dropped to the 1.618 extension line support of the ascending channel, and rise back again. It will eventually go all the way up to 50000 in 2022 or 2023, maybe higher.