wolfah

DJI (12) Targets for 1st wave

TVC:DJI   Dow Jones Industrial Average Index
6
The first wave tends to stop at the base of "Minute"-wave b (blue). This often coincides with a 38.2% (Target 1, slightly above "Minuette"-wave 4) or a 61.8% (Target 2) retracement of the previous correction or something between these targets (Upper trendline perhaps?). Target 2 is very optimistic.

Related Ideas

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.