Dow Jones Industrials (DJI): Wave 5 Still Not Placed

in money •  5 months ago

SUMMARY

Note: For anyone who missed the BitcoinLive Information Webinar, here is the replay link: https://www.youtube.com/watch?v=32l40SNYOp4

As of June 4, ALL Crypto Analysis will be posted on the BitcoinLive channel and Steemit will be dedicated for Equity, Commodity and Options Analysis. To Signup for the BitcoinLive limited Founding Membership slots, use this link: https://get.bitcoin.live/haejin/

__

You'll begin to see that the SPX and DJI move in a very related manner; similar to how BTC and ETH are moving. That is largely due to the uniformity of sentiment which means that many owners of the DOW components also own the SPX.

The below chart shows a symmetrical triangle (red lines). The ABCDE waves seem also complete and price has likely broken out of the top trendline. IF this is the case, a renewed impulse up could be expected.

The higher degree of trend white waves 1,2,3 and 4 are now probably complete and that leaves white 5. The subwaves of white 5 are shown in blue and so far blue 1 and 2 could be placed so a renewed rise towards blue 3 would be probable.

Look how price is traversing so nicely within a channel; hence, most indicative of an impulse style move. the blue wave 5 is likely to target the upper trend line or close to it complete the white 5. This means that the DOW could hit 29,500 or maybe even 30,000. These numbers were forecasted late 2017 by @haejin in his blog.

Legal Disclaimer: I am not a financial advisor nor is any content in this article presented as financial advice. The information provided in this blog post and any other posts that I make and any accompanying material is for informational purposes only. It should not be considered financial or investment advice of any kind. One should consult with a financial or investment professional to determine what may be best for your individual needs. Plain English: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.

Please consider reviewing these Tutorials on:
Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
Elliott Wave Counting Tutorial #3
Laddering and Buy/Sell Setups.
Laddering Example with EOS
Tutorial on the use of Fibonacci & Elliott Waves
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?

Follow me on Twitter for Real Time Alerts!!
Follow me on StockTwits for UpDates!!
--
--

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  

Hi Haejin, where do you trade stocks online? Are there any exchanges like Binance or Bittrex to trade stocks in the US markets and world wide? Any recommendations?
I have signed up to bitcoinlive via your links too, it's the least I could do considering how much money your guidance has made me on stuff like Verge and Bitshares. Looking forward to it!
Thanks!

Great stuff haejin...cheers

unsure about its future

Great TA as always, I'm ready for a wave 3!!