YM_F Dow Short term Elliott Wave view suggests that Intermediate wave (4) ended at 23204. A rally from there is unfolding as a leading diagonal Elliott wave structure. Minute wave ((i)) ended at 23464, Minute wave ((ii)) ended at 23241, Minute wave ((iii)) ended at 23599, Minute wave ((iv)) ended at 23432, and Minute wave ((v)) remain in progress as a double three within Minor wave 1.
Where Minutte wave (w) of ((v)) ended at yesterday’s peak 23636.50. Minutte wave (x) of ((v)) ended at 23544.20 low. Above from there, Minutte wave (y) of ((v)) remain in progress and can see 23720.95-23831.08 100%-1.618% Fibonacci extension area of Minutte (w)-(x) to end Minor wave 1. And index to start the Minor wave 2 pullback in 3, 7 or 11 swings. We don’t like selling the proposed pullback and expect buyers to appear once Minor wave 2 pullback starts in a sequence of 3, 7, or 11 swing provided pivot at 23204 low stays intact.
YM_F Dow 1 Hour Elliott Wave Chart
