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).

1 comment:

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