For a successful trade using an Elliott wave or Neo wave, it is very important to understand the pattern being formed.
Neo Wave is an Advanced Elliott Wave concept that introduces new patterns that have changed over the past few years. One such pattern is the Bow – Tie Diametric.
And based on the Bow tie diametric, we might see 26550 levels soon in Dow Jones.
As per our technical analysis, the short-term pressure remains positive as the stochastic acceleration continues at higher speeds which means there is still room for increased pressure.
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