DOW JONES - Wave Revision - Ending Diagonal E Wave In Progress
Updated
Due to a lack of a move down in the market it has narrowed down the possibilities.
It appears as though we are still within a Wave D with an expanded (B) Wave.
The latest move appears to be an ending diagonal so I expect more choppiness until the E Wave completes.
Once Wave (B) completes we should head into Wave (C) before a top occurs.
Care needs to be taken at this stage due to the buying climax that will occur.
I don't expect this move to go above Wave ii of Wave E or 29,000.
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It appears as though we are still within a Wave D with an expanded (B) Wave.
The latest move appears to be an ending diagonal so I expect more choppiness until the E Wave completes.
Once Wave (B) completes we should head into Wave (C) before a top occurs.
Care needs to be taken at this stage due to the buying climax that will occur.
I don't expect this move to go above Wave ii of Wave E or 29,000.
Please LIKE and FOLLOW to get notification of updates and future posts.
Note
SEE UPDATED CHART>
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