Based on angles discussed on March 2, 2024 where algorithms appear to continue duplicating the 1973 Dow structure, an Engrbytrade™ custom ratio measurement was taken from reference points where geometric lines intersect rather than using traditional Fibonacci structure points. Based on the 1973 Dow structure shown below, a brief decline is still expected, followed by a 1.65% move up above the February 23, 2024 high to reach 45,763.88 (+/- 1%) before starting a long term decline.
Stock charts courtesy of StockCharts.com.
