Expanding Diagonals it is !!
Updated
I have been keeping a close eye on Dow Jones ever since it was about to finish its Wave 3 which I mentioned in my previous analysis stating that the correction is incoming.
Right now, I am anticipating bounce from current region as much as 100%+ of Wave 3 making the overall market structure to be Expanding Diagonals.
I have mentioned my primary Wave and Sub-Wave count in the chart.
Hoping for the best :)
Right now, I am anticipating bounce from current region as much as 100%+ of Wave 3 making the overall market structure to be Expanding Diagonals.
I have mentioned my primary Wave and Sub-Wave count in the chart.
Hoping for the best :)
Note
The recent downward move in last couple hours has made me change my mind regarding LTF situation.I closed my long at breakeven for now. Waiting for 1 last leg down and some confirmation on LTF before re-entering in Long.
Note
Another LTF bullish scenario is this one which is shown below consisting of Leading Diagonals.
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