cbud
Short

Dow in a clear triangle for final move of correction

AMEX:DIA   SPDR DOW JONES INDUSTRIAL AVERAGE ETF
16 0 0
Dow moving sideways in a larger corrective pattern.
The current clear Triangle should resolve downward. Next motive wave is anticipated to be final in sequence and end the larger corrective structure labeled WXY.
This same pattern is showing in a few large cap equities - which also make up the Dow.
RSI holding in Bearish oscillation zone below 65.

Primary Fib target in relation to channel geometry is at 178 - lower Green horizontal.

Anticipate bullish reversal at the target.
Once closes below ascending trendline are present, orient shorter term trades short until 179.
Truth is what happens in the real world; not necessarily words from a book.
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