DOW jones wave count update: critical high broken.

Discussion in 'Technical Analysis' started by FXStreet_Team, Apr 19, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    Last weekend I spoke about the November 2015 high of 17978 as being a critical high in the DOW. The first image below shows the count as of last Friday, with the critical high marked on it. As that November high was labelled wave 'B' then the triangle count that I was working on would be invalidated by breaking that high. Well,yesterday the market broke that high and now the contracting triangle idea has been invalidated. So back to the drawing board! Below is the new preferred wave

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