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
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The_Unwind
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Mark,
Thank you for your update of the timing of the continuing Dow rally.
Thank you for your update of the timing of the continuing Dow rally.
~ Joe