■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.
■Last time idea, 1D, Jan 23.
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.
■Last time idea, 1D, Jan 23.
