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Will_Wong

DJI: Sub I of 5 is completed and sub II started. Fibo of 68.2%

Dow Jones Industrial Average Index (DJ:DJI)  
Will_Wong Updated   
DJ:DJI   Dow Jones Industrial Average Index
Wave Analysis
8
4
waveanalysis
shown as target although it could range from 38.2% to 100%.
Comment:
If the DJI were to retest the top rail of the triangle, then the only two Fibonacci retracement levels are 61.8%, 76.4% and 100%. The 38.2 and 50% requires the DJI to go back in time to retest the trend line.

snapshot
Comment:
I really doubt that the trendline will be tested. It needs to bust through three Fibonacci levels to get there, 23.6, 38.2, and 50%.

snapshot

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