Tuesday, February 21, 2017 8:06:39 PM
It is possible that 4 is complete at 1246.60 and we go down in 5 for about 114 points in five waves. this
The most common pattern for a four is a flat. That is pictured on the chart.
Regardless which of these two is correct we will decline to near 1125 before turning up.
Upon reaching near 1170 stay alert in case iv is forming a triangle.
In this case we will turn up to about 1210 before dropping again for a short drop then a little bounce to finish the triangle. then we go down in 5.
Bottomline is may hit 1170 and turn up but will most like hit 1125 before turning up.
If we break 1248.90 to the upside from here then there is something else going on and I will have to reconsider.
The most common pattern for a four is a flat. That is pictured on the chart.
Regardless which of these two is correct we will decline to near 1125 before turning up.
Upon reaching near 1170 stay alert in case iv is forming a triangle.
In this case we will turn up to about 1210 before dropping again for a short drop then a little bounce to finish the triangle. then we go down in 5.
Bottomline is may hit 1170 and turn up but will most like hit 1125 before turning up.
If we break 1248.90 to the upside from here then there is something else going on and I will have to reconsider.
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