Thursday, November 19, 2020

Dow (29,483) - Really heading for Ending Diagonal Triangles ?

Dow closed Thursday trading with little change. But with the initial down followed by a small rebounds on Thursday, another followed through rebound in the next two trading days will see the completion of diagonal triangles.

But if Dow were to move lower in the next two trading days, then we can rule out the diagonal triangles with the 5-wave down-trend formation that will lead to the a-b-c wave ii option that I mentioned yesterday.

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