Something else to consider is a possible triangle in the works on the 60 in chart. If this is the case, expect some more chop to finish off wave c, d and e.
 |
| 15 Min |
 |
| 60 Min |
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.
QUICK LINKS
▼
Wednesday, February 17, 2016
2/17/16 - EOD Update
The market continued to rally today and the move up so far looks impulsive. I don't have time to count the squiggles but sure looks like there are five waves there. Either that completes wave -c of {iv or just wave i of -c.
Something else to consider is a possible triangle in the works on the 60 in chart. If this is the case, expect some more chop to finish off wave c, d and e.
Something else to consider is a possible triangle in the works on the 60 in chart. If this is the case, expect some more chop to finish off wave c, d and e.