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mikemo81
Nov 12, 2018 10:11 PM

SuperCyle Degree Complete? $DJIA $DIA #elliottwaves 

Dow Jones Industrial Average IndexTVC

Description

This is fascinating...The progress from before the 20th century may have topped. Not wanting to be doom-and-gloom, but notice DJIA has reached the resistance line AND the VERY significant fibonacci ratio of 1.618. This is the golden ratio of phi. If this is correct, the decades which follow may be painful.
Comments
UnknownUnicorn1616991
lol - you won't be there to witness it
imzeeshan
Rule 1: Wave 2 cannot retrace more than 100% of Wave 1.

What you're trying to plot is the supercycle. In the supercycle, we are still in Wave 3.
mikemo81
@imzeeshan, rule hasn’t been violated. The data I have starts in early 1900’s. Wave 1 started long before.
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