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CoinedByCrypto
May 27, 2015 12:56 PM

BROKEN ARROW in NYSE - Elliott Wave Bearish Count Short

NYSE COMPOSITE (DJ)NYSE

Description

Broken Arrow - Ending Diagonal

New York Composite looks similar to the SP500.

Price action seems to had made the last wave up the 21th of may 2015 and thus done with the 5th of the 5 waves up since 2009 low.

Yesterday's price action stopped at the lower trend line for the ending diagonal.
We still need have confirmation - either by price action breaking the trendline or setting in a lower low on the daily timeframe.

NYSE has just like SP500 reached a fib-resistance area at 1.13

Fear not... believe what you see and trade it.
@BLawrenceM

Music at work:
youtube.com/watch?v=hS5Hp-LFNe0
open.spotify.com/track/2AqYChOhWOS3MQWqQPH2z1

Broken Arrow?
youtube.com/watch?v=4vVGPY9EuVU
youtube.com/watch?v=FxPeHqH4XxI
youtube.com/watch?v=HBDlZADZ4TM
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