Monday, June 28, 2010
Possible Triangle Forming
Just wanted to show that a possible triangle is forming and should be at an end, leading to a sharp thrust lower. Above is the triangle illustrated in the Dow. A break above the Wave 'a' high will negate this count. As is, it can bring about a great trading opportunity to get short with a stop just above the wave 'a' high.
PLEASE NOTE: THIS IS JUST AN ANALYSIS BLOG AND IN NO WAY GUARANTEES OR IMPLIES ANY PROFIT OR GAIN. THE DATA HERE IS MERELY AN EXPRESSED OPINION. TRADE AT YOUR OWN RISK.