■Outlook of DJI on 1-Day chart We are on the wave(ⅳ) shown as a purple line. Sub-waves of the wave(ⅳ) will be probably zigzag. If the assumption is correct, we are on sub-wave c of the zigzag, and sub-wave c will be Impulse.
the target of wave (iv) is as follows. 1. 38.2% Fibo level of wave (ⅲ), $32,374. 2. Acceleration channel touch, $32900. 3. Deceleration channel touch. In this scenario, the stop loss level is $35,824.