DJI running triangle scenario (wave analysis)

2019年10月3日

What if we are looking at running triangle?
wave E = 61.8% of wave C.
after DJI reached this approximate level, it energetically bounced back regaining 26000.
Facebook FB already stopped falling yesterday. the exact same pattern occurred on December, 26, 2018.

this is the main alternative to DJI Big Short idea, which is presented in publication "DJI darkest times since 2009? (wave analysis)".
bullish scenario will be confirmed when DJI breaks 27400.

long-term buy targets will be considered after confirmation. now you may view Fibonacci extensions of "wave 1?" by scrolling up the chart.

2019年12月12日

交易進行

Long-term targets to consider: 38000 - main target. 31800 - conservative one.

DJI price action confirmed my assumption about the continuation of long-term bull trend, which were made on October, 3rd, 2019.
since October, 3rd (when new upward trend was established) DJI surged 9.8% under-performing S&P500 (+11.3%)
I expect a 75% rise in 2-3 years. bull market (wave (5) red) should be completed in spring 2021 or in summer 2022 (less likely)
since 3rd, October I returned to the 1st of 2 assumptions I made on December 26, 2018: "1) bear market is done and we should expect further surge of DJIA price. 2) bear market have just completed 1st wave of bigger drop. so price might continue downward move after a reasonable correction."
Regarding "bear market" under 1st assumption: I meant wave (4) red) which consists of ABC (red) expanding flat pattern. (for further details look at DJIA long term [2017 - 2022] forecast (wave analysis) publication).