5 Apr 2016 ‚óŹ 06:23 AM

I have been marking the rally in the Dow as corrective, and as it has extended wave C up we can now see an ending diagonal at the end of the move in wave V of C. This along with a negative divergence in the momentum should mark the top for the Dow and the start of a wave 3 decline at larger degree. A break of 17640 would break the lower end of the wedge and confirm this. A break of the swing low of 17568 should also be looked at for a confirmation of a trend reversal.


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