john005

Dow Jones Fibonacci Circles - A closer look

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DJ:DJI   道瓊工業平均指數
This is a closer look at what is happening with the Fibonacci circles. The next red circle under the blue circle that the Dow recently hit will be the area where the Dow Jones will get support in the long term, it must hit that circle by November 2021 or the Dow can go to a free-fall under the .886 level of 4400. So the Dow has from March 2020 to November 2021 to hit the lower support in which the lowest it can hit is 4400 by November 2021 and bounce back otherwise their is no support until under 500 on the Dow. Short term I expect a rally back to 27,000 on the Dow before the continuation of this correction on the short term. The big number to watch is the 15,000 level once the Dow goes back down after this next bounce.
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