Marking the end of Bull rally

2024年12月2日

Couple months ago, I published my US30 Elliott Wave analysis stating the start of upward move which we saw in the past months.

Today, I am publishing the Elliott Wave breakdown of the upward move we have seen in past months which was anticipated in previous idea.

Coming to the point, it seems the rally is about to end and the correction is about to start. I am anticipating this correction to be somewhat big according to my Weekly wave count shown in previous chart, but lets see how things go.

2024年12月2日

注释

Check my previous US30 idea i have attached in Related publications to see my overall outlook on Dow Jones.

2024年12月12日

交易开始

2024年12月18日

交易结束：到达目标

If the downward move up till now was ABC, then the path of market will be one of the 2 shown below.

In case we see a 5th wave down turning the whole wave into 12345 instead of ABC, then the upward correction after that will not be able to go up as much.

2024年12月18日

注释

The downward move we saw during interest rate made the whole wave structure as 12345 instead of ABC.

So any hoe on seeing new ATH on DJI is now highly unlikely anytime soon. Although we should be seeing upward correction but that will only be a correction, not an upward impulse.