DOW has been in sideways consolidation mode since making a swing high of 18363 during May 2015.
From an Elliot Wave perspective, the consolidation appears in a form of a Contracting Triangle.
Subways of a Triangle appear in the 3-waves as depicted in the a-b-c labels.
Wave c of D appears to be completed and is now forming Wave a of E.
When Wave E completes its a-b-c 3-wave structure, we can expect a very sizable upside exceeding 18363 to all time highs.
More updates to come as the sub wave progresses..
tradingview.com/x/gHdOP89K/
From an Elliot Wave perspective, the consolidation appears in a form of a Contracting Triangle.
Subways of a Triangle appear in the 3-waves as depicted in the a-b-c labels.
Wave c of D appears to be completed and is now forming Wave a of E.
When Wave E completes its a-b-c 3-wave structure, we can expect a very sizable upside exceeding 18363 to all time highs.
More updates to come as the sub wave progresses..
tradingview.com/x/gHdOP89K/
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The triangle forecast is no longer valid.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.