MountainKing

Elliott Count of DIA - Bear Move May Start Next Week

Short
MountainKing Updated   
AMEX:DIA   SPDR Dow Jones Industrial Average ETF
Elliott Wave Count: Flat Correction (3-3-5)
- Waves A and B of the Flat have completed.
- Wave C is an Ending Diagonal (*A very small percentage of diagonals appear in the C-wave position* | sequence 3-3-3-3-3)

Current Predictions
1)
Targeted "Top" of Wave C of Ending Diagonal Wave 4 of the Flat Correction near the .618 Fib @ $242.84

2)
Beginning of descending Wave 5 of Ending Diagonal Wave C (of the Flat Correction) estimated to begin next week: January 16/17th

3)
If the current trend surpasses $248, everything here is wrong/the Ending Diagonal Count is INVALID.

Trade closed manually:
WRONG
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