Can see a gradual grinding upwards to higher levels as shown. However we are now approaching a very crucial area from where technically DJIA can have a massive fall. I have this cautious approach on three technical factors
- The long term expanded triangle
- The current expanded triangle shown in black in the above graph
- The ending diagonal shown in the above chart in red.
Above analysis is based on elliot wave projections and theory. This theory is highly subjective(different people get different results.) Please consult your own certified financial consultant for the fundamentals of the markets before deploying your money.
However Elliot wave theory works on a principal of high probability.