Just as wave ➀ is not at 34793, wave ➃, too, cannot rise above wave (B), causing the sum of the alternations to be approximately 50+80 = 130% during the correction wave. Moreover, this wave ➃ bounces above 61.8%, so it is not a small x wave.
by alternating waves 2 and 4. And solving the fractal problem from the corresponding minor to large degree we find that the down wave is close to bouncing back to the small x wave. It is not advisable to open a buy order as we do not know where the x wave will end between the 23.6%-61.7% range. The most likely position is around the ➃ wave level.
This chart is another highly probable situation. It relies on the statistical value of alternating between retraced waves. Wave (II) and wave (IV) which are separated by wave b have a depth of 68% so it is possible that the sum of wave (II) and (IV) is between 70-80%. wave (IV) may fall in the form of a double combination.
If US30 fails to break above the resistance and regain its standing on the trend line, it may be assumed to be bearish.
There is a high probability that wave ⓑ has ended. At the same time, US30 has bounced in response to support zone and trend lines. It is a bull engulfing candlestick.
Chances of short orders, when US30 approaches the 61.8% line and when US30 come down to breaks the uptrend structure follow with a pullback occurs. All of this will be under the condition that the US30 is making a zigzag correction wave which will only shorten 61.8%.
plan as shown. 1) Fibo retrace min 38.2% 2) some divergence or hidden divergence 3) Bullish candle pattern
then got rejection from trend line to be green week pin bar, still in uptrend running in w.➀ of w.c of w.(v), wait for finishing of w.➁ to entry.
No large-X , price preparing for spring and react trend line for higher low, US30 already finished ➀ and ➁ wave and now retracing 4 of (A) of ➂ wave which small range for short follow by 5 of (A) of ➂ wave, then will drop to (B) of ➂ wave at about 61.8% retracement of (A), after this US30 will show PA + hidden divergence + trend line reaction these be entry for long.
W.➁ may be normal ZZ and retrace to 61.8 - 76.4 %.
Retracing w.b still not finished, w.b retracing in common flat , wait for divergence + PA at end of w.b where w.b must > w.(IV) = 32090
And find reversal level about 58.6% retracement/200% w.C retracing from w.B (normal flat)/76.4% w.(v) projection with divergence from indicator.
2 case , sky blue or green , but all still in uptrend.
Use Gann fan to find trend line/ %R + Smooth MA to indentify entry + divergence + trend / alternate retracing between w.2 & w.(B) of 3
Game cycle was shown by RSI (28), my idea is shown in RSI , there are divergences also hidden divergences somewhere. With RSI & trend line we could confirm down trend precisely.
Recount, DJI finished w.b of w.5 and continue in 5 waves of w.c to end around terminal zone.