Intraday Elliott Wave expects additional correction in Dow futures [Video]

Quick Time period Elliott Wave in Dow Futures (YM) means that pullback to 38532 low on 8.5.2024 ended wave ((4)). The Index then turned larger and made a brand new all-time excessive in wave ((5)) as an impulse. Up from wave ((4)), wave 1 ended at 39619 and wave 2 pullback ended at 38689. The Index then prolonged larger in a nesting impulse with wave ((i)) ended at 39770 and dips in wave ((ii)) ended at 39344. Wave ((iii)) larger ended at 41085 and pullback in wave ((iv)) ended at 40684. Final leg wave ((v)) ended at 41523 which accomplished wave 3. Pullback in wave 4 ended at 40920 and wave 5 larger ended at 41682. This accomplished wave (1) of ((5)).

Index is now correcting cycle from 8.5.2024 low in wave (2) of ((5)). Down from wave (1), wave ((i)) ended at 41231 and wave ((ii)) rally ended at 41674. Wave ((iii)) decrease ended at 40854 and wave ((iv)) ended at 41260. Anticipate wave ((v)) of A to finish quickly, then it ought to rally in wave B to right cycle from 8.30.2024 excessive earlier than it turns decrease once more in wave C of (2). Close to time period, so far as pivot at 38532 low stays intact, count on pullback to search out consumers in 3, 7, or 11 swing for additional upside.

Dow Futures (YM) 60 minutes Elliott Wave chart

YM Elliott Wave video