(DOW) Forming A High Probable Triangle
DOW has been in sideways consolidation mode since making a swing high of 18363 during May 2015.
From an Elliot Wave perspective, the consolidation appears in a form of a Contracting Triangle.
Subways of a Triangle appear in the 3-waves as depicted in the a-b-c labels.
Wave c of D appears to be completed and is now forming Wave a of E.
When Wave E completes its a-b-c 3-wave structure, we can expect a very sizable upside exceeding 18363 to all time highs.
More updates to come as the sub wave progresses..
From an Elliot Wave perspective, the consolidation appears in a form of a Contracting Triangle.
Subways of a Triangle appear in the 3-waves as depicted in the a-b-c labels.
Wave c of D appears to be completed and is now forming Wave a of E.
When Wave E completes its a-b-c 3-wave structure, we can expect a very sizable upside exceeding 18363 to all time highs.
More updates to come as the sub wave progresses..
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The triangle forecast is no longer valid.