rounded corner
rounded corner
top border

Dow Future Elliott Wave Analysis 11-30-2017

Bookmark and Share

Dow Future Short termElliott Wave view suggests that Intermediate wave (4) ended at 23204. The rally from thereis proposed to be unfoldingasaleading diagonalElliott wave structure.Minute wave ((i)) ended at 23464,Minute wave ((ii)) ended at 23241, Minute wave ((iii)) ended at 23599 and Minute wave ((iv)) ended at 23572. Cycle from 11/15 low (23204) is mature and has reached 1.236 extension, but while pullbacks stay above 23618, Index still can see one more leg higher to end Minute wave ((v)).

The 5 waves leading diagonal rally from 23204 low should also end Minor wave 1 of larger degree. Index should then pullback in Minor wave 2 in 3, 7, or 11 swing before the rally resumes. We dont 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

YM_F 1 Hour Nov 30

ew cycle

Recent articles from this author

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.

Published by Barchart
Home  •  Charts & Quotes  •  Commentary  •  Authors  •  Education  •  Broker Search  •  Trading Tools  •  Help  •  Contact  •  Advertise With Us  •  Commodities
Markets: Currencies  •   Energies  •   Financials  •   Grains  •   Indices  •   Meats  •   Metals  •   Softs

The information contained on is believed to be accurate but is not guaranteed. Market data is furnished on an exchange delayed basis by Data transmission or omissions shall not be made the basis for any claim, demand or cause for action. No information on the site, nor any opinion expressed, constitutes a solicitation of the purchase or sale of any futures or options contracts. is not a broker, nor does it have an affiliation with any broker.

Copyright ©2005-2019, a product. All rights reserved.

About Us  •   Sitemap  •   Terms of Use  •   Privacy Policy