To higher prices in the bull market? Higher or Flat?
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Hello, good day guys I hope you have a good week. Dow Jones Elliott Wave Principle Analysis Starting at $36,954.30 is a five-wave pattern with a 3-3-3-3-3 structure that can also be considered a diagonal that I have labeled a triple zigzag that has been completed and motivation is over. Question: Is the correction of the Dow Jones over? The first possibility: a powerful bull market The beginning price of $28588.20 impulse pattern (Wave 1 or A) in the bull market which was able to cross the price of $34233.73 and then the correction pattern which was zigzag that completed (Wave 2 or B) which is 50-61.8% of the first wave has revived! Then another impulse pattern that may not be completed yet and then continue to climb strongly It can progress up to the price of $36954.30 and even beyond wave 1 and then reach its highest price with a clear corrective pattern. Second possibility: The price advances to around $35,348.74 and then reaches the 50-61.8 range of the first wave once again to complete a sideways correction pattern and then we will see a strong market. Good luck my friends! buy = low sell = high