Application of Elliott wave and technical analysis on Dow Jones Industrial Average.
Below 60 mins chart suggests that the correction ongoing
from last few weeks looks to be forming Expanding pattern and as of now prices
are in wave d. Internals of the pattern suggests that Flat correction pattern
has formed and as of now prices are in minute wave c (red color). This wave c
is testing crucial trendline resistance. Price action from hereon will be important
Dow Jones Industrial
Average 60 mins chart: