On 16-02-2018, DJI retracement off the lows of last weeks, has been 0,618 (25442,0). This is normally the topping level of a wave b!
During the last two sessions, DJI seemed to consolidate in that high region. This could be a sign for a further upswing (wave b in a Flat-Pattern, target 26400) -On the other hand, there is enough downward potential for a wave c (0,618 of wave a 23700). On the very ST (today), DJI could be in a wave 2
(up!)...
During the last two sessions, DJI seemed to consolidate in that high region. This could be a sign for a further upswing (wave b in a Flat-Pattern, target 26400) -On the other hand, there is enough downward potential for a wave c (0,618 of wave a 23700). On the very ST (today), DJI could be in a wave 2
(up!)...
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1min chart