Trading complex corrective waves is very difficult. You know this to be true if you've been trading for the last 1.5 months.
Well, this market is fickle. It didn't reveal its wave count until today.
But now that it has, those who still have the energy and the capital will profit mightily.
Wait just a bit longer and then fire the beam cannon.
$DJX may be on the verge of a major decline.
Many signals points into that direction:
- S13 exhaustion point recorded today (October 6th)
- Daily Price Flip
- Daily close near Demand Line
- Wave B recently triggered after a recent advance of 5 upwaves
- RSI lagging near neutral zone
From this observation, 3 different scenarios can be drawn:
1. Moderate Bear...
Stock-market expert sees a ‘monstrous rally’ on tap next week, if 1 recent trend holds ???
Based on research from the Fundstrat team, the stock market will start to drive higher on Aug. 14, with the possibility of a 30% rally in store for equity markets over the course of the ensuing two weeks.
“Since 1920, every stock market decline >35% saw a symmetric price...
I am happy because you guys have supported well
And I will work hard for you. Just like and follow me. You have to check my target not my chart quality because I am always right.
D J X is very burning point which is given in chart.
Food for thought as the trading year approaches it's end. This count suggests lower prices below 23000 level. And reflects my belief that a 5th wave Cycle degree is still pending and that the 4th wave is yet complete as an expanded flat
I was really curious how DJX might look like this days. So I made this.
I hope I'm wrong - so take it with a grain of salt...
DJX seems to have completed a Major Elliot Wave Pattern, starting from the 2008 Crisis.
It's starting to show signs of a correction.
I've put together 3 major scenarios:
Starting from best-case scenario to worst-case scenario