Sunday, July 7, 2019

Dow (26,922) - Has wave D ended ?

Dow added 323 points last week after setting a new historical closing high on Wednesday at 16,966 level. Has Dow completed its wave D and is ready to go south?


If Dow is forming a 3-3-3-3-3, A-B-C-D-E expanding triangles, it will have to move lower to complete its wave E before it can start its major wave 9 bull run.

Wave E can be very damaging and is likely to drop by 20% or more unless it is a failure E.


No comments:

Post a Comment