US30 morning analysis
Technical analysis of US30.
Cleaned Elliott Wave count off chart.
Pitchfork drawn from major pivots over the last 5 years (March 2020 low to January 2022 high to October 2022 low.
If price cannot tag the median line (red line) of the pitchfork, there is a high probability that price will return to the last pivot (green ellipse).
At present, tagging the median line would require ~20% gains from current price. Anything is possible, but odds would seem to favor <20% gains in 2025.
Price again broke pitchfork support (lower blue line) yesterday, on impulsive price action.
If top is in, price likely to topple towards October 2022 low (28586.8) on continued impulsive price action.
Cleaned Elliott Wave count off chart.
Pitchfork drawn from major pivots over the last 5 years (March 2020 low to January 2022 high to October 2022 low.
If price cannot tag the median line (red line) of the pitchfork, there is a high probability that price will return to the last pivot (green ellipse).
At present, tagging the median line would require ~20% gains from current price. Anything is possible, but odds would seem to favor <20% gains in 2025.
Price again broke pitchfork support (lower blue line) yesterday, on impulsive price action.
If top is in, price likely to topple towards October 2022 low (28586.8) on continued impulsive price action.
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