Stock Market Analysis With The Elliott Wave Principle -Dow Jones, S&P 500, Russell 2000, Nasdaq and FX. All charts and commentary on this site are strictly the opinions of the author(s) and are for recreational purposes only. In no way should this be construed as trading advice or a recommendation for investing. See disclaimer at the bottom of the page.
Tuesday, October 5, 2010
10/5/10 EOD Update #3 - Expanding Ending Diagonal?
Anything below look familiar?
This could be a winner of a count. The final subminuette v red may be working on an expanding ending diagonal. This is a bearish pattern that results in a reversal.
Keep in mind though that Prechter does not really cover much on this.
I have found a website that has though:
http://www.wavetrack.com/articles/elliott-wave-expanding-diagonal-patterns.html