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LotusTrading20
Nov 18, 2022 6:17 PM

djia in 5th wave of parabolic rise... targets 100k + Long

Dow Jones Industrial Average IndexTVC

Description

Historical DJIA chart with all the 4 parabolic "basings" highlighted with boxes...

therefore we are currently witnessing 5th wave of a parabolic rise, often the wider in range ... 100K is minimum target considering upper channel of deviation , but parabolic rises won't generally "respect" such Logarithmic Deviations.

More aggressive targets around 130/150K for a topping around the years 32/34

(in time we'll see if the accelaration starts to break the deviations or not, for now we assume 100k target within 10/12 years)

Note: analysis is valid for SPX as well!
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