The fractal construction of the chart with a timeframe of 1 Week.
Considering the fractal construction of the Dow Jones index chart that was shaped on 07/12/2022, constructed with a timeframe of 1 week, we will assume that the present dynamics of the index values takes place throughout the framework of the formation of the 2nd phase of the fractal, which is indicated in shiny pink. The long run dynamics of values will proceed in a aspect pattern to kind a fractal, indicated on the chart in mild brown.
The completion of this mild brown fractal would be the completion of the 2nd phase of the intense pink fractal, after which the index values will lower to the extent of twenty-two’000 factors as a part of the formation of the third phase of the intense pink fractal.
The intense pink fractal will characterize the first phase of the upper order fractal, which is marked in olive shade on the chart. After the index values drop to 22’000 factors, the downward dynamics will finish and an uptrend will comply with to the extent of 26’000 factors as a part of the formation of the 2nd phase of the olive fractal. After that, the downtrend will proceed from 26,000 factors to 18,000 factors as a part of the formation of the third phase of the olive fractal.
The completion of the olive fractal will imply the completion of the third phase of the bigger fractal, which is indicated in pink, by which the first phase is indicated by an orange fractal, and the 2nd phase is a mono-segment.
As for the orange fractal, its formation started on September 2, 2021 and its 1st phase is indicated by a blue fractal, the 2nd phase is indicated by a darkish brown fractal, and the third phase is indicated by a lightweight purple fractal.
Thus, the finished pink fractal would be the 1st phase of the upper order fractal, marked in blue. On this case, from the extent of 18’000 factors, an uptrend ought to be anticipated in direction of the extent of 30’000 factors throughout the formation of a pink fractal, which is the 2nd phase of the blue fractal.