DOW Elliott Wave Analysis for Monday 11/09/2023 (+ Higher TF)
For traders (lower timeframe):
The primary expectation is now that we will go back into the wave ((b)) area to take out the previous high. That would mean we get an additional correction up as a wave ((b)). This move should be followed by further downside as a wave ((c)).
For investors (higher timeframe):
In the higher timeframe, investors should wait for the completion of the abc pullback. The wave 2 area is a nice buying opportunity for investors.
The primary expectation is now that we will go back into the wave ((b)) area to take out the previous high. That would mean we get an additional correction up as a wave ((b)). This move should be followed by further downside as a wave ((c)).
For investors (higher timeframe):
In the higher timeframe, investors should wait for the completion of the abc pullback. The wave 2 area is a nice buying opportunity for investors.
