DJ:DJI   Dow Jones Industrial Average Index
I beleive its starting an ABC pattern after a 5 waves down.
Trade closed: target reached: First target to point "A" was conclude, acording with this idea, now we are on wave B. Good luck
Trade closed manually: Almost TP2 hit, but was enough for me. Now I will check any new idea for the downside!
SP 500 -- SP 100 -- Nasdaq -- Reference Daily Bar Chart -- Daily Line Chart -- Back up your "Elliott Wave Count"
Looks like -- 5 Waves Down. -- " ? " -- Major Bear Market Starting -- " ? "
This is My opinion only. These Markets "Must" make new highs to be "Bullish" at this time.
This "IS Not" a recommendation to buy or sell anything.

"One Eye Jim"
Are you saying the trend has changed? 5 wave impulse down, 3 wave abc corrective up.
richard7_ Will Wong
@Will Wong, this is my point of view, I beleive the 5 wave impulse down shows us that a 3 wave corrective is comming, and after that I beleive a new downtrend will come!
"Excellent Post" -- Thanks
Agree with you Wave Count at this time -- 2-10-2018
richard7_ jeffreyjim
@jeffreyjim, thanks
jeffreyjim richard7_
@richard7_, "Thanks" -- Your updated post looks very good "Fibonacci" retracement points.
Next leg down could get very bad. It would be nice if -- "Our" -- U.S.A. Lawmakers would
start working with each other "Both Parties" for the -- "American People" -- 100% of the Time.
But 24387 would be a heavy resistance should the trend continues.
+1 Reply
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