DJI looks to be constructing an expanded flat for intermediate wave (2) which may end just above the open gap at 24683 or at the 61.6%fib retrace
at 24936. This short term update replaces my previous short term ideas BUT the longer term prognosis has not changed in that a bear market is in
progress. Good Luck
at 24936. This short term update replaces my previous short term ideas BUT the longer term prognosis has not changed in that a bear market is in
progress. Good Luck
Comment:
Dji completed the a,c,c correction, bounced off the trendline and completed a five wave down. Next week could be very eventful.
Comment:
DJI has not yet filled the gap at 24683 but instead of the expanded flat correction suggested it now looks like the correction is in fact a double zig-zag, W,X,Y.Fib 61.8% resistance is at 24645 along with a trendline from the top! however the open gap may be tempting to fill before the this correction is finished?
Comment:
DJI looks to have completed intermediate wave (2) right on the 61.8%fib retrace level with a double ZZ, W,X,Y and diverging momentum.
If correct a sharp fall in intermediate wave (3) will follow very soon.
If correct a sharp fall in intermediate wave (3) will follow very soon.