Ending diagonal on DOW - expecting final wave 5 up!
DOW is in an interesting point as it has been in a bull market for some years now and time for a reversal/correction is certainly due - but not without a last push up by the giant index.
As shown in the chart, we've seen a series of 3 wave moves in a consolidation of sorts and this generally indicates that the move is either an ending diagonal or triangle as prescribed using Elliot Wave theory.
With that said, I am expecting a 3 wave move to reach a new high before a sharp reversal.
Watch the space!!!
As shown in the chart, we've seen a series of 3 wave moves in a consolidation of sorts and this generally indicates that the move is either an ending diagonal or triangle as prescribed using Elliot Wave theory.
With that said, I am expecting a 3 wave move to reach a new high before a sharp reversal.
Watch the space!!!
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