There's a developing correction in wave iv of (iii), so we're likely going to have a consolidating in the coming hours
Wave ((5)) of v of (iii) is likely going to be continued, so we could have a new high soon
Wave b of (y) turned out to be a double three pattern so there's a bullish impulse in wave ((1)) of c. Therefore, bulls are likely going to deliver an impulse in wave ((3))
More detailed wave count presented on the Daily chart, where we've got an extension in wave (3) of ((5)). Wave 3 of (3) is going to end in the coming weeks, so we could have wave 4 soon.
Wave W of (4) is going to end, so we could have bearish wave X soon.
There's an ending diagonal in wave ((C)) of iv, so bears are likely going to deliver wave v of (c) of ((b)) soon
There's a bearish impulse in wave (A), so wave ((4)) is likely going to be continued in a form of a zigzag
Wave (iii) has been formed, so there's time for a correction, which could be wave (iv) of ((c))
Bulls are likely going to deliver an upward impulse in wave ((c)) of B
We've got a zigzag in wave ((ii)), so bears are likely going to deliver an impulse in wave ((iii)) in the coming weeks
There's a double zigzag in wave ((iv)), so we could have a bullish impulse in wave ((v)) in the coming weeks
There's a small bullish impulse, which could be the first step into wave (1)
A bullish impulse in wave C is likely going to move on, so the high of wave A could be broken soon.
There's a possible extension in wave (iii). It's likely that we're going to have a local correction, which could be wave iv. So, bears will probably try to deliver wave v of (iii) afterwards.
As we can see on the one-hour chart, the price has been rising since a zigzag in wave ((y)) of 2 ended. It's likely that there's an extension in wave (iii) of ((i)), which is going to end in the short term. Therefore, there's an opportunity to have a local correction, which could be wave (iv).
Wave ((iv)) is taking the form of a double zigzag with a triangle in wave (x). Therefore, bulls are likely going to push price towards the 0.618 Fibonacci retracement of wave ((iii)). If a pullback from this level happens, there'll be a moment for bears to some revenge.
There's a huge bullish trend on the Monthly chart of DJIA (log scale). An extension in wave (III) has been moving up since wave (II) ended in 1942. Moreover, the market is likely going to climb even higher during wave V of (III).
We could have wave ii, but bulls are likely going to deliver wave iii of (iii) afterwards