Today, we will have a look at some Elliott Wave charts of the Dow Jones Futures which we presented to our members in the past. Below, you can find our 1-hour updated chart presented to our members on the 06/20/18 calling for more downside after a 3 waves correction in black wave ((a))-((b)).
Dow Jones Future ended the cycle from 04/02 low in blue wave (1) at around the areas of 25405 (06/11 peak). From that peak, we mentioned that the market should ideally pullback in 3-7 or 11 swings against that low. After ending the cycle from 04/02 low, the index started a recovery. After ending the first 3 waves correction lower in black wave ((w))-((x)). At the equal legs area of 24644-24523, we said to members that the market should ideally do 7 swings lower. As at that time the Hangsengeng index was still missing the equal legs from the equivalent peak. Therefore, we suggested that the Index can do 7 swings lower in red wave W-X-Y. After ending cycle from 06/11 peak in red wave W and its correction in red wave X. We forecasted that the index will do another leg lower.
Dow Jones Future 06.20.2018 1 Hour Chart Elliott Wave Analysis
In the last weekend Elliott Wave chart, you can see that the instrument made a fresh new low after ending correction in red wave X. Below from red wave X. The market unfolded an Elliott Wave leading Diagonal, which ended at the low of blue wave (a). We said to members that the market can do a pullback in 3-7 or 11 swings in blue wave (b) before heading lower again as long as the pivot at 24861 stayed intact. Do please keep in mind that the 1-hour chart which I presented here already have changed. If you want updates every day. I can recommend you to take our special offer below.
Dow Jones Future 06.21.2018 1 Hour Chart Elliott Wave Analysis
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