Strike Analytics

Dow

9 Dec 201604:49 AM

The Dow hourly chart below looks for triangles to identify final moves. There are two triangles the first would be a wave b pattern and the second a ivth wave that preceded the recent big jump in US equities. So this should be a final move in this set up. AT 19600 and an RSI of 83 we are at the extreme for this move and a correction should be around the corner.

dow091216

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