DJI New Low Hit | Imminent Crash (Wave C)
Updated
The DJI hit a new All-Time High (ATH) in early January 2022.
A correction started to develop right the next day and on the 24-Jan. we have the first low (Wave A).
A bounce took place (Wave B) and now the final wave of this corrective move is taking form (Wave C).
The 24-Jan. low has been broken today;
EMA300 failed yesterday as support.
With EMA300 broken as well as the last low as support...
We can expect to see soon how far down Wave C will go.
Additional details on the chart.
You can check the "Related Ideas" below for more Dow Jones Industrial Average, S&P 500 Index, Bitcoin & Nasdaq analyzes.
Thanks for the support.
Namaste.
A correction started to develop right the next day and on the 24-Jan. we have the first low (Wave A).
A bounce took place (Wave B) and now the final wave of this corrective move is taking form (Wave C).
The 24-Jan. low has been broken today;
EMA300 failed yesterday as support.
With EMA300 broken as well as the last low as support...
We can expect to see soon how far down Wave C will go.
Additional details on the chart.
You can check the "Related Ideas" below for more Dow Jones Industrial Average, S&P 500 Index, Bitcoin & Nasdaq analyzes.
Thanks for the support.
Namaste.
Note
That's a strong GAP we have today.This is a very strong bearish signal.
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