Saturday, October 12, 2019

MTU Weekend Ed. - Potential Terminal Triangle (10/11/19 close)

This past Friday's event-driven rally in stocks is consistent with the personality of the E-wave of a triangle.  If so, major indexes would be approaching the completion of a potential bearish triangle.  Prices need to drop below the October low to confirm such a scenario. See charts (red count).






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1 comment:

  1. AnonymousOctober 17, 2019 at 8:03 PM

    This scenario with triangle.
    rather wxy, where y-tr, but what it would be in wider perspective?

    ReplyDelete

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