Left hand count: The triangle just keeps becoming more and more real by the day, I will be looking for pullbacks for entry. We will breakout of this bull flag very soon. We are in wave E in the triangle idea so at the end of wave E expect a very swift impulse upwards.
Right hand count: The flat idea is finally invalidated, so I feel a bit more safe buying this now. The next pattern on the table is an ending diagonal, it is also considered a terminal move. Meaning that when it is done it will terminate the pattern at one higher degree, the nature of this pattern is very choppy and most times contracting. It will move upwards in 3 wave moves until the end of it, once this pattern ends you can expect a swift move down so we need to be careful if this does play out.
Best thing to do is get a buy entry and breakeven the trade. So in either case u can be apart of a bull rally, because we can always forecast patterns. But at the end of the day the dow will do what it wants, not what we want.
Right hand count: The flat idea is finally invalidated, so I feel a bit more safe buying this now. The next pattern on the table is an ending diagonal, it is also considered a terminal move. Meaning that when it is done it will terminate the pattern at one higher degree, the nature of this pattern is very choppy and most times contracting. It will move upwards in 3 wave moves until the end of it, once this pattern ends you can expect a swift move down so we need to be careful if this does play out.
Best thing to do is get a buy entry and breakeven the trade. So in either case u can be apart of a bull rally, because we can always forecast patterns. But at the end of the day the dow will do what it wants, not what we want.