markrivest
Short

DJIA base before final rally

TVC:DJI   DOW JONES INDUSTRIAL AVERAGE
78 1 5
The Elliott wave Horizontal Triangle pattern that was illustrated in my 11/16/16 post appeared to be complete.
Today 11/17/16 the DJIA             choppy side ways pattern continued.
There are two possible termination points, the first one is at DJIA             18,845.30 - this would be a five wave Horizontal Triangle.
The second possible termination point is at DJIA             18,864.10 - this would be an extended nine wave Horizontal Triangle.
There is also the possibility that the Horizontal Triangle is still under construction.
A move above DJIA             18,934.10 will confirm the Horizontal Triangle is complete .
Price target zone for post triangle thrust up (5) is DJIA             18,970 to 19,010.
Time target for (5) top 11/18/16 to 11/21/16

Mark
The_Unwind
22 days ago
Mark,

Thank you for your update of the timing of the continuing Dow rally.

~ Joe
Reply
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