Short Term Elliot Wave view in Dow Jones Industrial Average that Uptrend has been ended with Expanding Ending Diagonal.
(Click on image to enlarge)
There is a Break of Structure that happened when Wave 4 of ED has been broken by a strong move down, Clearly indicating that Bears are more active now. Currently, Wave A is running, which should end in 3 or 5 sub-wave structures. If Wave A ends in 5 sub-waves structure then ABC will end up in ZIG-ZAG Correction and If Wave A ends in 3 sub-waves structure then ABC will end up in Flat Correction.
My view is Bearish for Dow, Target will remain for 30790 levels in short term.
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