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Dow Jones (YM #F) Made New All Time High

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Dow Jones (YM #F) Made New All Time High

HellIn this technical blog were going to take a quick look at the past Elliott Wave charts of YM #F (Dow Jones DJI Mini Futures) published in members area Were going to take a look at the price structure and explain Elliott Wave forecast. As our members know , we were pointing out that DJI is trading within larger bullish trend in the Weekly cycle from the 2016 low. We advised our members to avoid selling it, keep favoring the long side as as the mentioned cycle from the January 2016 low is still alive.

Lets take a look at the previous short term Elliott Wave forecasts.

DJI 1 hour Weekend update 11.18. 2017

As we can see on the charts bellow we were calling correction from the 11/7 peak ( 23556) completed at the 23203 low. Currently DJI is doing short term pull back against the mentioned low that is labeled as wave ((x)). Proposed pull back is unfolding as Double Three structure (w)(x)(y) , when its having incomplete structure, missing another short term leg lower. We expect it to reach 23256-23225 area ideally before buyers appear for proposed rally. Once short term pull back ((x)) completes, we expect further rally to make new all-time high.


DJI 1 hour London update 11.22. 2017

Short term pull back reached propsoed technical area at 23256-23225 .Buyers were strong enough to break above previous peak. Currently at short term tech zone : 23560-23660 where buyers will be taking profits, hence we can see short term pull back from there.
We have removed some lables on the chart below, in order to protect clients privileges. If youre interested in new Elliott Wave forecasts of DJI you can find them in the membership areaof EWF.


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About the author  (by EME PROCESSING AND CONSULTING LLC) was founded in 2005 by Eric Morera. Since inception our company has provided tailored Financial Market Services to thousands of clients.

ElliottWave-Forecast has built a reputation on accurate technical analysis and a winning attitude. By successfully incorporating the Elliott Wave Theory with Market Correlation, cycles, proprietary pivot system, we provide precise forecasts with up-to-date analysis for 42 instruments including FX majors, Gold, Silver, Copper, Oil, TNX and major Equity Indices. Our clients also have immediate access to our proprietary actionable trade setups, market overview, 1 Hour, 4 Hour, Daily & weekly wave counts. Weekend webinar, Live Screen Sharing Sessions, Daily Technical Videos, Educational Resources, and 24 Hour chat room where they are provided live updates and given answers to their questions.

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