DOW Elliott Wave Analysis for Wednesday 12/12/2023

12 Ara 2023

We made a new high in the DOW JONES and this has some implications. The wave ((2)) low could be in after a triple three correction or WXYXZ structure. This would mean that we are now working on an impulse. The upward structure is strong and we start to see 5 waves. It becomes less likely that the upward move is corrective. In case the upward move is corrective, it could be that we are still working on the wave ((2)) but as an expanded flat.