Dow Jones Elliott Wave Weekly Update - Sunday, Nov 2

Person Holding White and Blue Box

Image Source: Pexels
 

In today's podcast, I provide Elliott Wave analysis of the Dow Jones Industrial Average, explaining the current market position in terms of Grand Supercycle, Supercycle, and Cycle waves, with the market preparing to complete Cycle Wave 3 of Super Cycle Wave 3 of Grand Supercycle Wave 3.

I discuss the progression of market cycles and the potential for a significant correction after completing Cycle Wave 3, noting that Cycle Wave 4 would exceed previous market declines and form three waves of primary degree.

I emphasize the importance of understanding these waves to better predict market movements and discuss the potential for a significant market decline triggered by various factors, while expressing hope for market support despite the risks.

Video Length: 00:38:54


More By This Author:

S&P 500 Elliott Wave Weekly Update - Saturday, Nov. 1
Dow Jones Elliott Wave Weekly Update - Sunday, Oct. 26
Nasdaq 100 Elliott Wave Weekly Update - Sunday, Oct. 26

Disclaimer: Futures and Options trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures ...

more
How did you like this article? Let us know so we can better customize your reading experience.

Comments

Leave a comment to automatically be entered into our contest to win a free Echo Show.
Or Sign in with