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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