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Dow Future Elliott Wave Analysis 11.29.2017

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Dow Future Short termElliott Wave view suggests that Intermediate wave (4) ended at 23204. The rally from thereis proposed to be unfoldingasa double three Elliott wave structure.Minute wave ((a)) of 1 ended at 23599 and Minute wave ((b)) of 1 ended at 23432. Near term focus is on 23828 - 23922 to complete Minute wave ((c)), and this should also end Minor wave 1 and cycle from 11/15 low. Afterwards, Index should pullback in Minor wave 2 in 3, 7, or 11 swing to correct cycle from 11/15 low before the rally resumes. We don't like selling any proposed pullback and expect buyers to appear again once Minor wave 2 pullback is complete in 3, 7, or 11 swing provided pivot at 23204 low stays intact.

YM_F Dow Future 1 Hour Elliott Wave Chart

Dow 1 hour Nov 29

ew cycle

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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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