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donaldsaw
Nov 2, 2018 3:07 AM

Ending diagonal on DOW - expecting final wave 5 up! Long

Dow Jones Industrial Average IndexTVC

Description

DOW is in an interesting point as it has been in a bull market for some years now and time for a reversal/correction is certainly due - but not without a last push up by the giant index.

As shown in the chart, we've seen a series of 3 wave moves in a consolidation of sorts and this generally indicates that the move is either an ending diagonal or triangle as prescribed using Elliot Wave theory.

With that said, I am expecting a 3 wave move to reach a new high before a sharp reversal.

Watch the space!!!
Comments
jeffreyjim
A "Second Wave" low can never trade lower than "Wave One" low --- (Triangles Included)
UnknownUnicorn3100550
Your waves do not follow Elliot wave theory rules. No offense, sir.
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