Theoretical possibility for the Dow Jones Industrial Average DJI
In Elliott Wave Theory, an expanding triangle contains waves with a common relationship of 1.618. For example, Wave A x 1.618 = Wave C, Wave B x 1.618 = Wave D, so the data suggests that wave E could be equal to 1.618 x Wave C.
There are of course many other Elliott Wave counts that project different profit targets, but this is an interesting one to bear in mind.
Let me know what your opinions are on this, thanks!
(It may be worth taking a long term, low-risk trade by buying a put option in the money with at least a 6-month expiry)
Disclaimer: This material should not be the basis for making investment decisions, nor be construed as a recommendation to engage in investment transactions, and
is not related to the provision of advisory services regarding investment, tax, legal, financial, accounting, consulting or any other related services, nor is a
recommendation being provided to buy, sell or purchase any good or product.
There are of course many other Elliott Wave counts that project different profit targets, but this is an interesting one to bear in mind.
Let me know what your opinions are on this, thanks!
(It may be worth taking a long term, low-risk trade by buying a put option in the money with at least a 6-month expiry)
Disclaimer: This material should not be the basis for making investment decisions, nor be construed as a recommendation to engage in investment transactions, and
is not related to the provision of advisory services regarding investment, tax, legal, financial, accounting, consulting or any other related services, nor is a
recommendation being provided to buy, sell or purchase any good or product.