Dow finally moved out of the wedge on the lower end, chances is getting higher that the October high is the end of wave
2. With the mini waves
i-ii, 1-2 and a small one dot-two dot, if this is the right interpretation, the next down trend will have to be a dynamic sharp drop to confirm that the wave 3 is unfolding.
I still cannot completely rule out the second option as the last mini wave
e of the
a-b-c-d-e corrective wave can either stop short or overshot. Try to look for confirmation next week.
.
No comments:
Post a Comment