The Elliott wave Horizontal Triangle pattern that was illustrated in my 11/16/16 post appeared to be complete.
Today 11/17/16 the DJIA choppy side ways pattern continued.
There are two possible termination points, the first one is at DJIA 18,845.30 - this would be a five wave Horizontal Triangle.
The second possible termination point is at DJIA 18,864.10 - this would be an extended nine wave Horizontal Triangle.
There is also the possibility that the Horizontal Triangle is still under construction.
A move above DJIA 18,934.10 will confirm the Horizontal Triangle is complete .
Price target zone for post triangle thrust up (5) is DJIA 18,970 to 19,010.
Time target for (5) top 11/18/16 to 11/21/16
Mark
Today 11/17/16 the DJIA choppy side ways pattern continued.
There are two possible termination points, the first one is at DJIA 18,845.30 - this would be a five wave Horizontal Triangle.
The second possible termination point is at DJIA 18,864.10 - this would be an extended nine wave Horizontal Triangle.
There is also the possibility that the Horizontal Triangle is still under construction.
A move above DJIA 18,934.10 will confirm the Horizontal Triangle is complete .
Price target zone for post triangle thrust up (5) is DJIA 18,970 to 19,010.
Time target for (5) top 11/18/16 to 11/21/16
Mark