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Elliott Forecast

Eric Morera

Elliott Wave View: Dow Futures (YM) Corrective Rally in Progress

May 4, 2022 By

Short Term Elliott Wave View in Dow Futures (YM) suggests the cycle from April 21, 2022 high is unfolding as a . Down from April 21 high, wave (A) ended at 33015 and rally in wave (B) ended at 33968. Internal of wave (B) is unfolding as a zigzag in lesser degree. Up from wave (A), wave A ended at 33611, pullback in wave B ended at 33155, and wave C rally ended at 33968.

Wave (C) lower is in progress with internal subdivision as a 5 waves impulse. Down from wave (B), wave ((i)) ended at 33672 and rally in wave ((ii)) ended at 33903. Wave ((iii)) lower ended at 32820, wave ((iv)) ended at 33145, and wave ((v)) of 1 ended at 32358. Index is now correcting the decline from April 29 peak in wave 2 before it resumes lower. Up from wave 1, wave ((a)) ended at 33148 and wave ((b)) dips ended at 32806. Expect wave ((c)) to continue higher with possible target to 33591 – 33776 to end wave 2 before the decline resumes. Near term, as far as pivot at 33968 high stays intact, expect rally to fail in 3, 7, 11 swing for further downside.

YM_F 30 Minutes Elliott Wave Chart

Dow Futures (YM) Elliott Wave Video

Source:-forecast.com/news/elliott-wave-view-dow-futures-ym-corrective-rally-progress/

#elliottwave #trading #Dowfutures

04/05/2022 1 EN

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Elliott Forecast

Elliott Forecast

Elliottwave-Forecast.com (by EME PROCESSING AND CONSULTING LLC) was founded in 2005 by Eric Morera. Since inception our company has provided tailored Financial Market Services to thousands of clients. ElliottWave-Forecast has built a reputation on accurate technical analysis and a winning attitude. By successfully incorporating the Elliott Wave Theory with Market Correlation, Cycles, Proprietary Pivot System, we provide precise forecasts with up-to-date analysis for 52 instruments including FX majors, Gold, Silver, Copper, Oil, TNX and major Equity Indices. Our clients also have immediate access to our proprietary Actionable Trade Setups, Market Overview, 1 Hour, 4 Hour, Daily & Weekly Wave Counts. Weekend Webinar, Live Screen Sharing Sessions, Daily Technical Videos, Educational Resources, and 24 Hour chat room where they are provided live updates and given answers to their questions.

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Eric Morera

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