To higher prices in the bull market? Higher or Flat?
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Hello, good day guys I hope you have a good week. Dow Jones Elliott Wave Principle Analysis Starting at $36,954.30 is a five-wave pattern with a 3-3-3-3-3 structure that can also be considered a diagonal that I have labeled a triple zigzag that has been completed and motivation is over. Question: Is the correction of the Dow Jones over? The first possibility: a powerful bull market The beginning price of $28588.20 impulse pattern (Wave 1 or A) in the bull market which was able to cross the price of $34233.73 and then the correction pattern which was zigzag that completed (Wave 2 or B) which is 50-61.8% of the first wave has revived! Then another impulse pattern that may not be completed yet and then continue to climb strongly It can progress up to the price of $36954.30 and even beyond wave 1 and then reach its highest price with a clear corrective pattern. Second possibility: The price advances to around $35,348.74 and then reaches the 50-61.8 range of the first wave once again to complete a sideways correction pattern and then we will see a strong market. Good luck my friends! buy = low sell = high
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.