ElliottWaveStats

DJI- has now 72% Short Bottom Probability

DJ:DJI   Dow Jones Industrial Average Index


As shown on the chart above, DJI index has reached a new low yesterday at. It could be the end of the Wave Y current correction because my algorithm drops a 72% short bottom probability there. The Target shell is shy at first 24,800/24,900 points.

Further than my stats model, in pure EW terms, this correction shows itself as a WXY (up now), this suggest no larger fall at short at least.

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.