US30 (Dow Jones) Elliott Wave Analysis
The Dow Jones Industrial Average tracks 30 large-cap US companies. It is the oldest and most recognized stock market index, serving as a barometer for the US economy.
US30 forms clear multi-year impulse waves that align with economic expansion cycles. Wave 3 of the current secular bull market is well-defined. Corrections tend to be relatively shallow (23.6%-38.2%) in bull markets.
Major levels at 35,000, 37,500, 40,000, 42,000. All-time highs and Fibonacci extensions from the 2020 COVID low define targets.
US30 wave analysis works best on the weekly chart for macro positioning and the daily chart for swing entries. The index tends to lead other US indices at market turns.
H4 Wave Count
4-hour timeframe for precise entry timing
Daily Wave Count
Primary trading timeframe structure
Weekly Wave Count
Macro context and trend direction
Fibonacci Targets
Precise price targets from wave structure
Invalidation Levels
Exact price where the count is wrong
Alternative Scenario
What happens if the primary count fails
Get Daily US30 (Dow Jones) Analysis
Updated before London open, every trading day. H4, Daily, and Weekly wave counts with precise Fibonacci targets.