DOW JONES - Wave Revision - Ending Diagonal E Wave In Progress
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
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.