Nadeem predicted that the target of abc correction wave was 23,000 points after the Dow Jones Industrial Average peaked at 65,438+10, and finally the C wave fell to about 23,300 points, which met the standard of correction wave. At the same time, it also means that the Dow will usher in a further rise in the future.
It should be noted that, as can be seen from the above figure, among the five waves of rise after abc's correction, the first wave 1 has a weak upward momentum, while the second wave has a deep decline, which indicates that it is difficult for the Dow to reach a new high in the short term. The blue trend line is the Dow price trend predicted by Nadeem, which is still in two waves, but it is difficult to break through the high point at the beginning of the year. Nadeem believes that this round of rise near Qiangao will be blocked and fall back to 4 waves, and the final target of 5 waves will be around 26,600 points, which will be achieved by the end of this year.