Elliott Wave Analysis: Dow Jones Is Forming The Wedge PatternSep 6, 2021

DJI

Dow Jones DJI is rising, but as you can see, it’s very slow, so it’s obviously running out of steam, which we see it as part of an ending diagonal ( wedge ) pattern as part of wave 5 of a higher degree wave III up to 35700 – 36000. Then watch out for a bigger and deeper correction within a higher degree wave IV that can send the price back to 33k support zone .

Elliott Wave Analysis: Dow Jones Is Forming The Wedge Pattern by ew-forecast on TradingView.com

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