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Geert2000
Nov 20, 2015 7:56 PM

Dow correction or new ATH 

Index of top 30 shares on Wall StreetFXCM

Description

The DOW seems to respect the top trendline at this time.
IF a 5 wave reverse is in play ---> wave 2 ended with a 88% reverse of wave 1.
A break of 17105 can validate the 5 wave drop.

However,there is a possibility DOW will make a new ATH that would invalidate the ABC pattern
In that scenario we could have a 5 wave up move,a break up of 18012 will validate that.

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Comments
CoinedByCrypto
Yeah ...It could go either way here ..find it difficult so see clear signs. But never the less great chart
Geert2000
Thx,yes i am a bit in the dark here too.
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