wolfah

DJI ...something to keep in mind...

TVC:DJI   Dow Jones Industrial Average Index
Historical counts and target for CYCLE wave 5 as shown in the chart.

There is a high probability, that the DOW has finished this CYCLE wave 5 (red)!
During the last 30 years, the possible historical calculated target for this wave has always been e.g. 1,618 of wave 3 = 26428,07 (as an "Extension5"-pattern).
January 26th's CLOSE at 26616,71 (=1,621) has been the highest HIGH, before the market turned. Since then, DOW is in some sort of sidewards reaction, which will probably go on for a while...

This is, why I don't see any new highs for the very near future.

I share your elliottist calculation. On the Dax I think the top LT is also realized. We are entering a bearish LT market.
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wolfah PHILOOS
@PHILOOS, thanks! Let's see what the market will show the coming 2 weeks! DAX, CAC40 and UKX will probably anticipate the direction. Thx again and good luck!
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