$YM (Dow Futures) final wave ((v)) set to wrap short‑term cycle from Nov 21[Video]

The short-term cycle for Dow Jones (YM) futures from the low on November 21, 2025 unfolds diagonally. From that bottom, wave ((i)) advanced and ended at 48,184. The corrective pullback in wave ((ii)) ended at 47,514, as shown on the one-hour chart. Momentum then pushed the index higher, with wave ((iii)) ending at 49,294. The subsequent correction in wave ((iv)) developed into a zigzag Elliott wave formation. Wave (a) fell to 48,127, wave (b) rose to 49,086, and wave (c) fell to 48,092. This sequence completed wave ((iv)) to a higher degree.

Wave ((v)) is now advancing with internal division into a five-wave impulse. After wave ((iv)) completed, wave (i) advanced to 48,687. The slight decline in wave (ii) found support at 48,556. Strength resumed with wave (iii) extending to 49,459. The modest bounce in wave (iv) ended at 49,201. The indicator is supposed to continue rising in the last wave (v) of ((v)). This movement is supposed to complete the cycle that starts from the November 21 low. Once the upward sequence ends, a correction to a greater extent is expected. This correction may unfold in 3, 7, or 11 swings, consistent with Elliott Wave guidelines. The potential upside target for the last leg is expected to be at 123.6% to 161.8% retracement levels for wave (iv). This area is located between 49,518 and 49,614.