DJIA Horizontal Triangle Complete - Top Soon
Today 11/21/16 the DJIA moved above 18934.10 confirming completion of an Elliott wave Horizontal Triangle.
The DJIA is now in wave (5). Usually after a Horizontal Triangle the post triangle move up, the 5th wave is equal to the widest part of the triangle. In this triangle it is 128.00 added to the wave (4) bottom 18853.80 targets DJIA 18981.80.
Allowing for leeway the DJIA could reach 18961 to 19010.00
A top could come between 11/22/16 to 11/25/16
Mark
The DJIA is now in wave (5). Usually after a Horizontal Triangle the post triangle move up, the 5th wave is equal to the widest part of the triangle. In this triangle it is 128.00 added to the wave (4) bottom 18853.80 targets DJIA 18981.80.
Allowing for leeway the DJIA could reach 18961 to 19010.00
A top could come between 11/22/16 to 11/25/16
Mark