Name: DOW Elliott Wave Analysis for Wednesday 08/11/2023 (+ Higher TF)
Uploaded: 2023-11-07T12:50:58.937663
Channel: AndyCuckoo
Description: We are still working on the wave (2) as an ABC structure. The wave B is unfolding as an ABC pattern. As we came close to the wave (2) area and based on the NASDAQ and S&P 500 analyses, the alternative scenario calls for the end of wave (2) as a WXYXZ structure. Price action in the lower time frame will further guide us in these two scenarios.

Elliott Wave dowjones DOW dowjonesindustrial

elliottwaves dowjones dow dowjonesindustrial

We are still working on the wave (2) as an ABC structure. The wave B is unfolding as an ABC pattern. As we came close to the wave (2) area and based on the NASDAQ and S&P 500 analyses, the alternative scenario calls for the end of wave (2) as a WXYXZ structure. Price action in the lower time frame will further guide us in these two scenarios.