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Dow Jones follows Elliott Wave path; rally to new highs near 57,000 possible if Oct 6 low holds

Technical Signals
20 Oct 2026
FXEmpire
View Source
Bullish
Dow Jones follows Elliott Wave path; rally to new highs near 57,000 possible if Oct 6 low holds

The Dow Jones Industrial Average (DJIA) completed a five-wave decline as predicted by the Elliott Wave Principle, bottoming on October 6 at 50,546. Since then, the index has been rallying, currently trading in the low 52,000s. Analysts suggest this rally could be a bounce before another dip, but if the October 6 low holds, the DJIA is likely to continue rising to new all-time highs around 57,000. A break below the October 6 low, however, could trigger a steep decline into the 40,000s.

The Dow Jones Industrial Average price forecast is the subject here, with Pluang market data providing context. For readers following US stocks, 110 out of 150 priced stocks rose while 40 fell. Notable movers include American Airlines Group Inc (AAL) at USD 12.17 with a +4.20% change, KeyCorp (KEY) at USD 20.72 with +4.02%, and AGNC Investment Corp (AGNC) at USD 8.78 with +3.97%. This data is as of Oct 21, 2026 01:51 WIB.

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