ElliottWaveStats

DJI INDEX -2 very different sceneries

DJCFD:DJI   Dow Jones Industrial Average Index

The weird thing here is that the TARGET SHELL (*) Analysis suggests a bull scenery marked with PURPLE boxes, 27,172.00 at first then 28,875.00 this would be the main scenery, but the pure EW Pattern recognition suggests a bear scenery (RED boxes and RED arrow) getting deeper into the correction, dropping a down TARGET to 22,079.00 zone, this would be the alternative one.

Personally, I am bought in funds that follows 1 to 1 the DJI, because the function of the TARGET SHELL analysis is to provide a hard-numerical wall that contain the EW Pattern spotted eliminating all possible subjective perspective.


(*) TARGET SHELL is a formula that ponderates psychological resistance and support levels and EW Pattern Fibonacci numbers, it can be defined as the most possible value to be reached next.


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