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Ending diagonal??
that looks negative --agreed ?
I think so. By Elliott wave rules, this breakout rally is supposed to be w3. It is not impulsive at all. Looks like an overlapping mess. Trading the upside is becoming a struggle. Breakouts are failing. Did we top?? I would not be surprised.
More obvious diagonal on Dow intraday charts
Agree
Shorted DIA to protect my longs. It's hard to fit the December seasonaility but the sentiment combined with technicals is making me a bit nervous.
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Ending diagonal??
Posted by mborder1 on 2nd of Dec 2020 at 02:17 pm
Ending diagonal??
that looks negative --agreed ?
Posted by watcdy on 2nd of Dec 2020 at 02:27 pm
that looks negative --agreed ?
I think so. By Elliott
Posted by mborder1 on 2nd of Dec 2020 at 02:32 pm
I think so. By Elliott wave rules, this breakout rally is supposed to be w3. It is not impulsive at all. Looks like an overlapping mess. Trading the upside is becoming a struggle. Breakouts are failing. Did we top?? I would not be surprised.
More obvious diagonal on Dow
Posted by kevindeng0727 on 2nd of Dec 2020 at 02:39 pm
More obvious diagonal on Dow intraday charts
Agree
Posted by mborder1 on 2nd of Dec 2020 at 02:45 pm
Agree
Shorted DIA to protect my
Posted by kevindeng0727 on 2nd of Dec 2020 at 03:56 pm
Shorted DIA to protect my longs. It's hard to fit the December seasonaility but the sentiment combined with technicals is making me a bit nervous.