Dow Jones (DJIA) – Elliott Wave Study: Possible Bearish C Wave

Apr 11

The Dow Jones Industrial Average has shown a well-structured impulsive advance followed by a corrective phase after completing a higher-degree Wave 5. The broader trend transitioned from bullish impulsive structure into a corrective sequence, suggesting a potential ABC correction in progress.



The current structure strongly suggests that the market is transitioning into Wave C of an ABC correction. The rejection from key Fibonacci levels and the formation of a lower high provide a high-probability setup for downside continuation.

Apr 11

Trade active

Apr 17

Trade closed: stop reached