US30 ELLIOTT WAVE ANALYSIS 02 MAR 2017 (DOWJONES)

Index of top 30 shares on Wall StreetFXCM

Description

⋅ Mar 2, 2017 3:02 PM

Hi,
After continuous 12 days of higher high and also all time highs, US30 going to fell into range bound on upcoming days. Then it ll approach to channel resistance to finish (b) wave for this corrective pattern.

Comments

Giv1775

⋅ Mar 2, 2017 5:16 PM

So the wave5 will be the longest wave? EW theory doesnt say W3 should be the longest one?

tdurai84

⋅ Mar 2, 2017 5:24 PM

@Giv1775, extended 5th wave is also possible on corrective structures..