Elliott Wave Analysis of the Dow Jones Industrial Average (DJIA)
|The high into yesterday can be counted as the end of a double zigzag correction from the lows made at 25339. However in order to see a move lower and suggest the recent upside has ended, a strong move back below 26099, then 25952 is needed.
If it continues to hold above yesterdays low at 26099, then there is still scope for a move higher towards 26400 - 26600 before it ends wave [y] and completes what appears to be a double zigzag correction from 25339.
Remains bearish below 27398.
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