Yesterday's drop from the Noon to the close looks like a motive wave. From the opening bell today something very triangular has formed. It doesn't make sense that a triangle occurs in a wave 2 position. This creates two wave counts.
1.) The triangle is wave b of a zigzag correction. 2.) It's not technically a triangle, be a complex wave 2 correction.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.