My previous extended flat correction idea was voided but I still believe that the current bullish
push higher is a corrective wave.
Wave 1 corrections are often deep as the bulls feel that the wave 1 low is another buying
opportunity in a never ending rise!
It is now possible that DJI is completing wave c circle of intermediate wave (2) black which
if correct may complete somewhere in the highlighted area.
If this was wave 3 of another impulse wave I would expect to see much higher momentum
which is NOT the case.
Of course I may be wrong and if DJI goes above 26953 I this idea will be voided.
Good Luck
push higher is a corrective wave.
Wave 1 corrections are often deep as the bulls feel that the wave 1 low is another buying
opportunity in a never ending rise!
It is now possible that DJI is completing wave c circle of intermediate wave (2) black which
if correct may complete somewhere in the highlighted area.
If this was wave 3 of another impulse wave I would expect to see much higher momentum
which is NOT the case.
Of course I may be wrong and if DJI goes above 26953 I this idea will be voided.
Good Luck