Strike Analytics

Dow

3 Oct 201805:16 AM

An alternate way to count the Dow is to mark it as a 5 wave rise instead of a wedge after the new high yesterday. In this case we are already in wave v of 5, also wave 3 is shorter than 1 and wave 5 therefore should end before getting bigger than 3. If it gets bigger then this wave count would be invalid and more extentions on the upside would need to be considered. So far we are very close to the point where we equal wave 3 [box].

dow 031018

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