{"id":26502,"date":"2026-05-05T19:54:07","date_gmt":"2026-05-05T19:54:07","guid":{"rendered":"https:\/\/alchemymarkets.com\/?post_type=market_insights&#038;p=26502"},"modified":"2026-05-05T19:54:08","modified_gmt":"2026-05-05T19:54:08","slug":"dji-rolling-over","status":"publish","type":"market_insights","link":"https:\/\/alchemymarkets.com\/sv\/education\/market-insights\/elliott-wave\/dji-rolling-over\/","title":{"rendered":"DJI Elliott Wave Forecast: Rolling Over"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\"><strong>Executive Summary<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Trend Bias<\/strong>: Down as the <strong>Dow Jones Industrial Average (DJI)<\/strong> may have finalized its first bearish leg lower.<\/li>\n\n\n\n<li><strong>Key Level<\/strong>: <strong>~49,989 (start of the bearish wave)<\/strong>.<\/li>\n\n\n\n<li>After a brief rally, we anticipate a decline to 47,758 &#8211; 48,409, and possibly lower levels.<\/li>\n<\/ul>\n\n\n\n<p>While the mega cap stocks are rallying to new highs, DJI is struggling to reach its previous high of 49,988 on May 1. This divergence may signal a top developing for equities and a decline to about 48k and possibly lower levels.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Current Elliott Wave Analysis<\/strong><\/h2>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"578\" src=\"https:\/\/alchemymarkets.com\/wp-content\/uploads\/2026\/05\/DJI_2026-05-05_14-34-41-1024x578.png\" alt=\"\" class=\"wp-image-26503\" srcset=\"https:\/\/alchemymarkets.com\/wp-content\/uploads\/2026\/05\/DJI_2026-05-05_14-34-41-1024x578.png 1024w, https:\/\/alchemymarkets.com\/wp-content\/uploads\/2026\/05\/DJI_2026-05-05_14-34-41-300x169.png 300w, https:\/\/alchemymarkets.com\/wp-content\/uploads\/2026\/05\/DJI_2026-05-05_14-34-41-768x434.png 768w, https:\/\/alchemymarkets.com\/wp-content\/uploads\/2026\/05\/DJI_2026-05-05_14-34-41.png 1452w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p>The rally from March 30 to May 1 formed a clear <a href=\"https:\/\/alchemymarkets.com\/education\/guides\/elliott-wave-theory\/\">Elliott wave<\/a> impulse pattern. This signals that a multi-week correction may have begun from 49,988.<\/p>\n\n\n\n<p>The first leg lower of the correction trended to 48,913 shaping wave (a) or (i). Now, the rally up to today\u2019s high is a portion of wave (b) or (ii). There is a small price gap that the current rally may try to jump up and fill. These gaps can act like magnets and eventual <a href=\"https:\/\/alchemymarkets.com\/education\/guides\/support-and-resistance\/\">resistance<\/a> in a downtrend.&nbsp;<\/p>\n\n\n\n<p>The gap is carved between 49,441 &#8211; 49,497. Therefore, DJI may top in that price range, then begin to dig lower in wave (c ) or (iii). The downside targets range is 47,758 &#8211; 48,409 with even lower levels possible.<\/p>\n\n\n\n<p>Embedded within this target price range is the 38% <a href=\"https:\/\/alchemymarkets.com\/education\/indicators\/fibonacci-retracement\/\">Fibonacci retracement level<\/a>. It is likely the market will have a bullish reaction in this zone. Then we\u2019ll reassess how mature the downtrend is.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Bottom Line<\/strong><\/h2>\n\n\n\n<p>The <strong>DJI appears to have completed its first bearish wave lower<\/strong> with another secondary leg down just around the corner. DJI may rally to fill the gap between 49,441 &#8211; 49,497 and create a secondary high.<\/p>\n\n\n\n<p>Once the next leg lower begins, we forecast it will trend down to 47,758 &#8211; 48,409 with even lower levels possible.<\/p>\n\n\n\n<p>A print above 49,988 will cause us to reconsider the wave count.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Dow Jones Elliott Wave forecast: another decline to about 48,000 to correct the April rally.<\/p>\n","protected":false},"author":160,"featured_media":26509,"parent":0,"comment_status":"open","ping_status":"closed","template":"","market_insights_categories":[16],"class_list":["post-26502","market_insights","type-market_insights","status-publish","has-post-thumbnail","hentry","market_insights_categories-elliott-wave"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>DJI Elliott Wave Forecast: Rolling Over - Alchemy Markets<\/title>\n<meta name=\"description\" content=\"Dow Jones Elliott Wave forecast: another decline to about 48,000 to correct the April rally.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/alchemymarkets.com\/sv\/education\/market-insights\/elliott-wave\/dji-rolling-over\/\" \/>\n<meta property=\"og:locale\" content=\"sv_SE\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"DJI Elliott Wave Forecast: Rolling Over - 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