ElliotWaveStudent
Long

(DOW) Forming A High Probable Triangle

AMEX:DIA   SPDR DOW JONES INDUSTRIAL AVERAGE ETF
130 0 4
DOW has been in sideways consolidation mode since making a swing high of 18363 during May 2015.
From an Elliot Wave perspective, the consolidation appears in a form of a Contracting Triangle.
Subways of a Triangle appear in the 3-waves as depicted in the a-b-c labels.
Wave c of D appears to be completed and is now forming Wave a of E.
When Wave E completes its a-b-c 3-wave             structure, we can expect a very sizable upside exceeding 18363 to all time highs.

More updates to come as the sub wave progresses..

Order cancelled: The triangle forecast is no longer valid.
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