This morning INDU breached the December 2014 low, which I was counting as wave 2 of an ending diagonal. This eliminates the ending diagonal wave count in the short term. The structure of the chart from December 2014 high to present does not conform to wave c ending diagonal of a flat or wave 4 triangle e-wave rules.
Bearish wave counts of 1-2, 1-2 are favorable at this time.
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