$DJI looks to be working on a wave (iii) impulse pattern lower. The current rally appears to be wave ii of (iii). The rally is nearly over and is expected to hold below the wave (ii) high of $28,364.
Initial target is in the $22,000-$24,000 range. Depending on the structure of the fall, lower levels are in sight such as the March 2020 low of $18,213 and $15,503 (2016 low).
This will likely drag crypto lower with it and the US Dollar stands to advance.
Initial target is in the $22,000-$24,000 range. Depending on the structure of the fall, lower levels are in sight such as the March 2020 low of $18,213 and $15,503 (2016 low).
This will likely drag crypto lower with it and the US Dollar stands to advance.
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www.seethewaves.com - A school to learn how to read charts & Elliott Wave Theory.
EW Express - bit.ly/elliottwaveexpress
