Subdivision of Minute wave ((w)) unfolded as a zigzag Elliott Wave structure where Minutte wave (a) ended at 24967 and Minutte wave (b) ended at 25174. Subdivision of Minute wave ((y)) is unfolding as a double three Elliott Wave structure where Minutte wave (w) ended at 24461. Near term, while Minutte wave (x) bounce stays below 25079, expect Index to extend lower towards 24014 – 24215. The next move lower should also complete Minor wave W and end cycle from 3/12 peak. Afterwards, expect Index to bounce in Minor wave X in 3, 7, or 11 swing to correct cycle from 3/12 peak before the decline resumes.
Dow Jones (YM_F) 1 Hour Elliott Wave Chart