AndyCuckoo

DOW Elliott Wave Analysis for Wednesday 01/11/2023

OANDA:US30USD   US Wall St 30
In the higher time frame, we are working on a corrective move down. The primary scenario is now suggesting that this happens as an ABC. The five waves down from the high might also indicate a bearish flat scenario. In the lower time frame, the final wave ((v)) of wave 5 of wave A looks incomplete. If we do not respect the wave ((iv)) area, it looks like we will have a WXY instead of an ABC.

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