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Elliott Wave View: Dow Jones Futures (YM_F) Target Lower

February 28, 2020 By EWF Hardianto

Short term Elliott Wave view in Dow Futures (YM_F) suggests the Index ended the cycle up from October 3, 2011 low in wave (III) at 29543 high. The index is correcting that cycle in wave (IV) as a zig-zag. Wave a of (IV) ended at 26692 low. The internal subdivision of wave a unfolded as a 5 waves impulse Elliott Wave structure. Wave ((1)) of a ended at 29100 and the bounce in wave ((2)) ended at 29434. The index then extended lower in wave ((3)), which ended at 26976 low and followed by a bounce in wave ((4)), which ended at 27333 high. The index then pushed lower in wave ((5)) and ended at 26692 low. From there, the index bounced in wave b and ended at 27519 high.

Down from wave b high, the index resumed lower in wave c, which is still in progress. Wave ((1)) of c ended at 26468 low. It then bounced in wave ((2)) and ended at 26859 high. From there, the index extended lower in wave ((3)), which subdivides in lesser degree 5 waves. Wave (1) of ((3)) ended at 25979 low and the bounce in wave (2) ended at 26754 high. Down from there, wave (3) resumed lower and ended at 25379 low. Wave (4) bounce then ended at 25772 high. Currently, wave (5) of ((3)) remains in progress and will be followed by a bounce in wave ((4)) when completed later. While below 27519 high, the bounce in 3,7, or 11 swings is expected to fail. The index can see more downside to complete wave (IV) correction before upside resumes. Potential area where wave c can end is 100% – 161.8% Fibonacci extension of wave a-b which comes at 23349-24943 area.

INDU (YM_F) 1 Hour Elliott Wave Chart

Elliott Wave View: Dow Jones Futures (YM_F) Within a wave ((4)).

January 31, 2020 By EWFHendra

Short term Elliott wave view in Dow Jones Future (YM_F) suggests that the Index is trading within a wave ((4)), and should be seeing more downside next week into a Technical seven swing buy. The 1 Hour view is calling for a bounce early next week, then more downside into the Buy. As far as, 28889 is holding sellers should be in control.

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Dow Jones Futures ( $YM_F ) Found Buyers & Made New All-Time High

January 13, 2020 By EWF Vlada

Hello fellow traders. In this technical blog we’re going to take a quick look at the Elliott Wave charts of Dow Jones Futures ( $YM_F ) published in members area of the Elliottwave-Forecast. As our members know, INDU is showing incomplete bullish sequences in the cycle from the December 2018 low. Consequently we recommended members to avoid selling the Futures and keep buying the dips in the sequences of 3,7,or 11 swings , whenever opportunity presented itself. The price found buyers right at the Blue Box area and we got turn higher when Futures made new All-Time High. In further text we’re going to explain Elliott wave Forecast.

Dow Jones Futures ( $YM_F ) 1 Hour Elliott Wave Analysis 1.08.2019

INDU has given us 3 waves down from the peak, when wave B of (4) has unfolded as irregular Flat pattern. The price has already reached blue box area at 28270-27982 ( buying zone). We are calling wave (4) blue pull back completed at 28087 . Bounce has already reached 50 fibs against the B red high, so members who entered long trades should be already risk free. We would like to see further separation higher from the mentioned low , looking for a break above January 2nd peak.
As our members know, Blue Boxes are no enemy areas , giving us 85% chance to get a bounce. The main trend is bullish and we expect to see reaction in 3 waves up from the blue box at least.

Dow Jones Futures ( $YM_F ) 1 Hour Elliott Wave Analysis 1.10.2019

Eventually we got further separation higher and the pair broke 01/02 high as we expected. Current view suggests INDU should be ending short term cycle from the 28084 low as 5 waves rally. We expect to get 3 waves down in wave 2 red soon, which should provide us with buying opportunities again.

Dow Jones Futures ( $YM_F ) 1 Hour Elliott Wave Analysis 1.11.2019

INDU ended cycle from the 28084 as 5 waves rally as expected. We are getting wave 2 red pull back when now we could be ending first leg ((a)) of 2. We don’t recommend selling futures in any proposed push lower and favor the long side as far as pivot at 28084 low holds.

Keep in mind market is dynamic and presented view could have changed in the mean time. You can check most recent charts in the membership area of the site. Best instruments to trade are those having incomplete bullish or bearish swings sequences.We put them in Sequence Report and best among them are shown in the Live Trading Room.

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Elliott Wave View: Dow Jones Future ($YM_F) Bullish Structure Likely Extends

January 10, 2020 By EWFHendra

Elliott Wave view on Dow Jones Futures ($YM_F) suggests that the rally from October 3, 2019 low is unfolding as an impulse Elliott Wave structure. In the 1 hour chart below, rally to 28893 ended wave (3) and pullback to 28084 ended wave (4). Index has resumed higher within wave (5).

Up from 28084 low, wave ((i)) ended at 28469 and pullback in wave ((ii)) ended at 28317. Index should see a few more highs to end wave ((iii)), then it should pullback in wave ((iv)) before the next leg higher in wave ((v)) to complete wave 1 of (5). Index then should retrace in wave 2 of (5) to correct cycle from January 8, 2020 low before the rally resumes. We don’t like selling the proposed pullback.

As far as pivot at 28084 low stays intact, expect dips to find buyers in 3, 7, or 11 swing for further upside within wave (5). Alternatively, instead of ending wave 1 of (5), Index can end the entire wave (5). In this scenario, Index should see larger pullback to correct the cycle from October 3, 2019 low in 3, 7, or 11 swing before the next leg higher.

Dow Jones Futures ($YM_F) 1 Hour Elliott Wave Chart

Dow Jones Future ($YM_F) Elliott Wave Video

Elliott Wave View: Dow Jones Futures Ending 5 Waves Rally

November 6, 2019 By EWFHendra

Elliott Wave View on Dow Jones Future (YM_F) suggests the rally from October 3 low is unfolding as a 5 waves impulsive Elliott Wave. On the 1 hour chart below, we can see wave ((iii)) of this impulse ended at 27079 and wave ((iv)) pullback ended at 26588. Internal of wave ((iv)) unfolded as a zigzag where wave (a) ended at 26876, wave (b) ended at 27088 and wave (c) ended at 26588. Index is now ending wave ((v)) which subdivided in another 5 waves in lesser degree.

Up from 26588, wave (i) ended at 27230, and wave (ii) pullback ended at 26847. Index then resumed higher again in wave (iii) towards 27493. Near term, while wave (iv) dips stay above 26844, expect Index to extend higher 1 more time before ending wave (v) of ((v)). The move higher will also complete wave 1 and end the entire 5 waves up from October 3 low. Afterwards, it should pullback in wave 2 to correct cycle from October 3, 2019 low before the rally resumes. Potential target higher is 100% Fibonacci Extension from August 6 low towards 27945 – 28477.

YM_F 1 Hour Elliott Wave Chart

YM_F 1 Hour Elliott Wave Video

The Dow Jones Transportation Index Is Sending Warnings

September 16, 2019 By EWFEric

Hello fellow Traders. The Dow Jones Transportation Average is showing why the biggest acceleration across World Indices has already passed. The Elliott Wave Theory classic pattern is represented in the following chart which shows the idea of a 5 waves advance followed by a 3 waves pullback.

The basic Elliott Wave pattern is a sequence of 5 waves in different degrees until the higher degree get resolved and the number of swings is completed. The following numbers of swings are 5-9-13-17-21-25 which provide traders with an amazing hedge to anticipate the possible turn in the market.

The idea is that after the acceleration in wave ((3)) of III the market will do a series of ((4))-IV-(IV) pullbacks until the move ends. The following chart is showing the Dow Jones Transportation which is showing a very nice impulse since its all-time lows.

Dow Jones Transportation Index Quarterly Elliott Wave view 9.16.2019

In the chart above we can see that wave ((3)) already happen and a series of IV-(IV) will be coming going into the future. At this stage, we are calling red wave IV completed.

From its December 2018 low red wave V is proposed to end by the third quarter of 2020 at this stage.

The main message is that the biggest acceleration across Global Indices already passed. Even when the main trend is higher based on market correction and swings counts, we need to be careful of what to anticipate. The following chart is showing an overlay of the Dow Jones Transportation Average and the Dow Jones of Real Estate.

Dow Jones Transportation Index vs Dow Jones of Real Estate overlay

Dow Jones of Real Estate Quarterly chart 9.16.2019

The chart above is showing more upside into the Blue Box in the Dow Jones of Real Estate which is an example of why more upside should be taking place. When and where the end of the wave (III) should be happening. To summarize a very technical Market overall which is presenting signs to worry. Watch the video below and see our view.

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