DJIA Dow Jones and the missing wave????

DJI April 6

Again, compared to the TSE which does appear to have completed a 5-wave sequence, the same can not readily be said for the Jones Ind. Ave. In my opinion a good case can be made for a missing 5th wave, possible even a 4-5, 4-5 sequence. Compressing a 4-5 into wave 3 (green) requires the assumption of a failure, never a good thing. Also in the DJIA the existence of the triangle wave 4 is by no means all that plausible. Wave 2 would be a zig-zag unless one looks at wave 0ne as a 1-2, 1-2 situation. If a zig-zag we should now anticipate a flat. Given the sharp rise in the past few weeks a would probably take the form of a triangle. We will see.