In an EW theory, a triangulating pattern only occurs in 4th and B-waves. Not 2nd waves. This would then be considered a correction if the triangular pattern forms.
MT: DOWN
ST: DOWN
PA: NA
Optional Pattern: Triangulating
Wednesday, 3 June 2015
3 Jun 2015 - So Far So Good
Yesterdays analysis so far has been lock step. The question now is if there is another possible wave count lurking around the corner.. Say an abcde triangulating pattern. If we do not get an urgent move lower as early as tomorrow then I can say that the abcde pattern has a high rate of turning up. If this triangulating pattern does occur, the likely outcome would be that the current all-time high in the SPX will not hold and higher highs should prevail.
In an EW theory, a triangulating pattern only occurs in 4th and B-waves. Not 2nd waves. This would then be considered a correction if the triangular pattern forms.
MT: DOWN
ST: DOWN
PA: NA
Optional Pattern: Triangulating
In an EW theory, a triangulating pattern only occurs in 4th and B-waves. Not 2nd waves. This would then be considered a correction if the triangular pattern forms.
MT: DOWN
ST: DOWN
PA: NA
Optional Pattern: Triangulating
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