DJI DAILY PRICE CHART, FIFTH WAVE ELLIOTT WAVE COUNT UPDATE , AS I STATED EALIER ,THIS WAVE BEGAN AT 15503 IN 2016 , DOW FINSHED THE FIRST TWO MINOR WAVES(BLUE COLOR) AT 18167 AND 17063 IN A ROW , THE THIRD WAVE HAS FAR EXTANDED SO IT WAS DIVIDED INTO 5 WAVES ON THE LOWER DGREE A SO CALLED MIUNTE(VOILET COLOR) , DOW ENDED UP FOUR WAVES AT LOW OF 20379 , SINCE THEN , FIFTH WAVE HAS COMMENCED , IN TURN IT WAS DIVIDED INTO ANOTHER FIVE WAVES ON MINUETTE DGREE (GREY COLOR) , DOW ALSO ENDED UP FOUR WAVES , THE LAST ONE OF THEM WAS AT LOW OF 24101 , THE MINUETTE FIFTH WAVE AGAIN DIVIDED INTO FIVE WAVES ON SUBMINUETTE DGREE(GREEN COLOR) DOW COMPLETE THREE WAVES AND PEAKED AT 26700
AFTER THE DOW REASHED ELEVATED PRICES , I SEE ITS NORMAL THAT THE DOW STALLS IN CORRECTIVE STATE , PRICE HAS BEEN IN A BEARISH RUN SINCE LATE JANUARY DROPPING NEARLY 0.5% SO FAR, WE‘RE SPECIFICALLY IN FOURTH WAVE THAT CIRCLED IN RED , MAYBE THIS WAVE REACHED ITS LOW OF 25490 OR BOUNCING OFF ITS CRUNT LOW TO SURGE AS HIGH AS 25700-25800 BEFORE GOING BACK DOWN AGAIN TO HITS THE AREA OF 25000-25300
, THE SECOND CHART ILLUSTRATE THAT THE FOURTH WAVE IS A ZIGZAZ PATTERN DOWN , UP , DOWN, THE SUBWAVE SEQUENCE IS 5-3-5 LABELED A-B-C
CLOSING BELOW 24719 WILL NEGATE THAT PROBABILITY
I KNOW THAT INVESTORS AMIDST OBSCURITY, SKEPICISM ASK , WILL THIS DOWNTURN BE A MERE PULLPACK OR A FULL- BLOWN BEAR MARKET !? , I THINK ITS WAY TOO EARLY TO TELL IF THAT DECLINE WILL BE A MERE PULLBACK OR A BIG SELLOFF , MY PRIMARY SCENARIO I‘MA ON SAYS ITS A MERE "PULLBACK" BUT THAT DOSNT NEGATE THAT DECLINE MAYBE WILL GO ON FURTHER , LET‘S TAKE A MOMMENT TO REFLECT ON THAT , WAT HAPPEN IF U TAKE THAT MATTER STEP BY STEP!? DONT PUZZLE UR SELF, U ONLY HAVE TO INVOLVE TO STOP UR LOSS IF IT , OCCURS , U CAN PLACE UR STOP LOSS ORDER BELOW 24719
