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#1 linrom1

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Posted 16 November 2020 - 10:27 AM

 

Double top on Dow Mini. I don't look at DOW, but every way I attempt to project the top using Elliott Wave guideline that Wave 1 advance should equal Wave 5 advance, I come with a top of around 30,000 on Dow Mini.

 

 1) The move from Wave IV  bottom of 18,000 points from March 2020 to Nov '2020 Wave V is about 12,000 points which equals Wave I advance to about 12,000 in the year 2000(Wave I)

 2) The advance in Wave (i) from March 22, 2020 low to March 25, 2020 top is about 4,000 which equals the advance in Wave (v) from Wave (iv) low of 26,000 on Oct 30 to Nov 16 is also about 4,000.

3) and so on

 

While this is very basic analysis, everything about markets is very simple ie Fibonacci relationships, Gann, harmonics, cycles, Dow Mini moving in multiple points of x1,000 etc.

 

Is it the top, perhaps not, but it meets certain guidelines?


Edited by linrom1, 16 November 2020 - 10:36 AM.


#2 gismeu

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Posted 17 November 2020 - 10:19 AM

Thanks,

 

gis


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#3 linrom1

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Posted 23 November 2020 - 10:29 AM

 

I think we're going sideways for a while.