The US stock market is really choppy but is starting to look more and more like triangles. That would be a running triangle on the QQQ , shown here, and a falling triangle on the DOW Indu.
We will have to wait to see which way the triangles break out before being certain of the Elliott waves count.
But for now, considering the high numbers of 3 waves patterns (a-b-c) inside this triangle, I would believe that the odds of a breakout on the upside are increasing.
We will have to wait to see which way the triangles break out before being certain of the Elliott waves count.
But for now, considering the high numbers of 3 waves patterns (a-b-c) inside this triangle, I would believe that the odds of a breakout on the upside are increasing.