Dow Jones, interpretation of where we are
Aktualisiert
Despite the fact that i calculated the dates, this is just my calculation and correction could easily end in 2033rd, but for now we are monitoring the index and in the future it will be clearer to us where we are, and idea can be updated.
According to my interpretation, the bull market ended in 2021 and now we are in a rising sideways leg, which should end at the beginning or end of summer 2024.
I have two prefered calculation's of target for rising sideway's leg(wave, local rally):
1)39150$ +-500$
2)39950$
Then we go to 1st area(white lines) and bear market within flat should last about 1 year.
Next rally(leg) in the context of the expected flat correction should end around 36000$ in Spring of 2027.
And i hope that all the correction will be finished in March of 2028(Prefered, because it should be fast destroy like tsunami) or December 2029, at the 2nd area(red lines), so we won't be too old by then.)
According to my interpretation, the bull market ended in 2021 and now we are in a rising sideways leg, which should end at the beginning or end of summer 2024.
I have two prefered calculation's of target for rising sideway's leg(wave, local rally):
1)39150$ +-500$
2)39950$
Then we go to 1st area(white lines) and bear market within flat should last about 1 year.
Next rally(leg) in the context of the expected flat correction should end around 36000$ in Spring of 2027.
And i hope that all the correction will be finished in March of 2028(Prefered, because it should be fast destroy like tsunami) or December 2029, at the 2nd area(red lines), so we won't be too old by then.)
Anmerkung
Target reached, watching furtherAnmerkung
I think reversal is confirmed, most likely no way backAnmerkung
2nd Target reached just exactly, can be little inflation above ATH but not too much, it should still below 41000, then i am expeecting dramatic endAnmerkung
Nice!
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.