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DJI Elliott Wave technical analysis [Video]
The post DJI Elliott Wave technical analysis [Video] appeared on BitcoinEthereumNews.com. DOW JONES – DJI Elliott Wave Analysis. Day Chart Overview. DOW JONES – DJI Elliott Wave technical analysis Function: Trend. Mode: Impulsive. Structure: Orange wave 3. Position: Navy blue wave 5. Next lower degrees direction: Orange wave 4. Details: The DOW JONES – DJI Elliott Wave Analysis on the daily chart shows an impulsive trend. The wave structure under analysis is orange wave 3, positioned within navy blue wave 5. This indicates an upward market trend, following the impulsive wave pattern of orange wave 3 within the broader context of navy blue wave 5. The analysis suggests that orange wave 2 appears to be completed, marking the end of a corrective phase and the start of a new impulsive phase, orange wave 3. The market is in the early stages of this new impulsive wave, indicating a continued upward trend. The next lower degrees direction is identified as orange wave 4, which will follow the completion of the current orange wave 3, indicating another corrective phase before a potential resumption of the upward trend in subsequent waves. A crucial aspect of this analysis is the wave cancellation invalid level, set at 38900.53. This level acts as a critical threshold for the ongoing wave structure. If the market price exceeds this level, the current wave analysis would be invalidated, indicating the expected wave pattern is no longer accurate. This scenario would require a reevaluation of the wave count, potentially altering the market outlook. In summary, the DOW JONES – DJI daily chart analysis reveals an impulsive trend with orange wave 3 currently active within navy blue wave 5. The completion of orange wave 2 marks the onset of this new impulsive phase. The direction for the next lower degrees points to orange wave 4 following the current wave 3. The wave cancellation invalid level of 38900.53 is a critical validation point for this analysis, serving as a threshold to reassess…
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The post DJI Elliott Wave technical analysis [Video] appeared on BitcoinEthereumNews.com.
DOW JONES – DJI Elliott Wave Analysis. Day Chart Overview. DOW JONES – DJI Elliott Wave technical analysis Function: Trend. Mode: Impulsive. Structure: Orange wave 3. Position: Navy blue wave 5. Next lower degrees direction: Orange wave 4. Details: The DOW JONES – DJI Elliott Wave Analysis on the daily chart shows an impulsive trend. The wave structure under analysis is orange wave 3, positioned within navy blue wave 5. This indicates an upward market trend, following the impulsive wave pattern of orange wave 3 within the broader context of navy blue wave 5. The analysis suggests that orange wave 2 appears to be completed, marking the end of a corrective phase and the start of a new impulsive phase, orange wave 3. The market is in the early stages of this new impulsive wave, indicating a continued upward trend. The next lower degrees direction is identified as orange wave 4, which will follow the completion of the current orange wave 3, indicating another corrective phase before a potential resumption of the upward trend in subsequent waves. A crucial aspect of this analysis is the wave cancellation invalid level, set at 38900.53. This level acts as a critical threshold for the ongoing wave structure. If the market price exceeds this level, the current wave analysis would be invalidated, indicating the expected wave pattern is no longer accurate. This scenario would require a reevaluation of the wave count, potentially altering the market outlook. In summary, the DOW JONES – DJI daily chart analysis reveals an impulsive trend with orange wave 3 currently active within navy blue wave 5. The completion of orange wave 2 marks the onset of this new impulsive phase. The direction for the next lower degrees points to orange wave 4 following the current wave 3. The wave cancellation invalid level of 38900.53 is a critical validation point for this analysis, serving as a threshold to reassess…
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