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DJI Elliott Wave analysis trading Function: Bullish Trend. Mode: Impulsive. Structure: Orange Wave 1. Position: Navy Blue Wave 1. Direction next lower degrees: Orange Wave 2. Details: Gray Wave 2 appears complete. Currently, Orange Wave 1 of Navy Blue Wave 1 is underway. Wave cancellation invalidation level: 36,642 The daily chart analysis of the DOW JONES – DJI using Elliott Wave theory suggests a bullish trend. Price action remains in impulsive mode, indicating strong upward momentum. The current wave formation is labeled as Orange Wave 1, which forms a segment of the broader Navy Blue Wave 1. This wave structure implies the index may be at the early stage of a significant upward movement within a larger bullish framework. Gray Wave 2 looks to have concluded its corrective cycle, initiating Orange Wave 1 of Navy Blue Wave 1. This change indicates the potential start of a new impulsive rally. Following the expected end of Orange Wave 1, the next move is projected to be Orange Wave 2, typically a corrective phase, before resuming the upward trend. The key invalidation level for this wave structure is set at 36,642. A drop below this point would negate the current Elliott Wave outlook, necessitating a new wave interpretation. Unless this level is breached, the current bullish outlook remains intact, with the chart favoring continued upward momentum. Given the setup, DOW JONES – DJI appears positioned for a possible extended advance as part of Navy Blue Wave 1, with Orange Wave 1 now progressing. The completed Gray Wave 2 confirms the bullish phase, and the impulsive trend highlights strong buying interest, suggesting potential for further gains. DJI Elliott Wave analysis trading Function: Bullish Trend. Mode: Impulsive. Structure: Navy Blue Wave 1. Position: Gray Wave 3. Direction next lower degrees: Navy Blue Wave 2. Details: Gray Wave 2 appears complete. Currently, Navy Blue…

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Filed under: News - @ June 30, 2025 5:27 pm