i have been waiting for point B to be broken .after which i will confirm a smaller 5 wave move after which an abc correction.from here i will be lookinng for llong entries either trading a third of third orthird of c
I WOULD SAY THIS IS A PERFECT EXAMPLE OF AN ENDING DIAGONAL BEFORE WE CONTINUE ON THE DOWNSIDE.PERSONALLY I AM EXPECTING A LARGE MOVE TO THE DOWNSIDE AS MY WAVE COUNT INDICATES A THIRD OF A THIRD WAVE IS WHERE WE ARE
i have good reason to believe we are in the forth wave correction in the dji .to put this point across
1.clearly we can see that the three waves between this purported triangle have each three waves.initially i had seen this as a probable double zigzag but the third abc move should have been an impulse
2 i could not find a completion of the previous uptrend...
i have sufficient reason to believe the large correction is coming to an end and we should see a reversal that should break the lower trend line of the wadge and a move targeting the previous wave b support
my WAVE COUNT POINTS OUT THAT WE HAVE COME TO A 5TH WAVE CONCLUSION AS AN ENDING DIAGONAL WHICH SHOULD INDICATE WE ARE AT WAVE A OF THE CORRECTION WHICH WILL BE CONFIRMED IF WE GET A MOVE BEYOND THE PREVIOUS 4TH WAVE AFTER WHICH I CAN TRADE THE C WAVE IF A GOOD ENTRY GIVES WAY
my wave count points on being in a downtrend currently in a third wave (wave2 of 3) a fall below 7019.3 would indicate this as a resumption of the downtrend,,, we should actually see price fall further to atleast 1.618 extension