DJI will go up after a short correction to 36,000
During the pandemic the DJIA has a big fall from 29,687 to about 18,200.
The Dow just hit 39,000 which is a key Fibonacci level, ( it is 61% above 29,687 when measuring from 18,200).
At this point the Dow will correct to about 36,000. This is about 61% below the a wave from the b wave.
From there the dow will go to about 43,000, completing a 5 wave structure in the monthly chart and a set up for a possible major correction in the coming months.
The Dow just hit 39,000 which is a key Fibonacci level, ( it is 61% above 29,687 when measuring from 18,200).
At this point the Dow will correct to about 36,000. This is about 61% below the a wave from the b wave.
From there the dow will go to about 43,000, completing a 5 wave structure in the monthly chart and a set up for a possible major correction in the coming months.
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