Dow Jones Index's Rapid Move Towards Historical Highs 🚀
🟢The Dow Jones Index has recently begun its ascent towards its historical highs again, after reaching a new peak and undergoing a brief correction. It seems poised to surpass this level once more.
🟢Analysis Highlights:
🔸Combining Fibonacci extensions and Elliott Wave theory, the ultimate target for the current leading wave is pegged at the historical ceiling of 40,000. Following this peak, a retracement to either 38% or 50% is anticipated before potentially breaking through the historical high.
🔸Considering this trajectory, taking long positions on this index appears logical. If you already hold positions, securing profits at the historical peak zone is advisable.
👍 Like, comment, or share if you found this insight useful! Follow for more updates: #Tradecitypro #TCP 🚀
🔖 Categories: Trend Analysis, Elliott Wave Theory, Fibonacci Studies
📌 Keep an eye on these key levels and happy trading
🟢Analysis Highlights:
🔸Combining Fibonacci extensions and Elliott Wave theory, the ultimate target for the current leading wave is pegged at the historical ceiling of 40,000. Following this peak, a retracement to either 38% or 50% is anticipated before potentially breaking through the historical high.
🔸Considering this trajectory, taking long positions on this index appears logical. If you already hold positions, securing profits at the historical peak zone is advisable.
👍 Like, comment, or share if you found this insight useful! Follow for more updates: #Tradecitypro #TCP 🚀
🔖 Categories: Trend Analysis, Elliott Wave Theory, Fibonacci Studies
📌 Keep an eye on these key levels and happy trading