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DJIA shorting opportunity – The Elliott Wave trade setup.

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Mar 23, 2016.

  1. Sandra S.

    Sandra S. Forum Member

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    Todays trading brought prices to meet the upper trend line of the primary wave ‘4’ triangle, with this action we can say that wave ‘d’ up is possibly finished at todays high. A triangle in Elliott wave terms should consist of 5 internal waves, and the DOW as labelled in the chart above, has completed 4 of the 5 waves. This offers a decent opportunity to trade the expected decline in wave ‘e’. Wave ‘e’ is the first high confidence trade setup that a triangle offers

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