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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives
SPY 675.24-1.2%Nov 4 4:00 PM EST

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codfish23
To: codfish23 who wrote (89694)2/11/2017 7:35:18 PM
From: Sweet Ol1 Recommendation  Read Replies (1) of 218428
 
A bearish wedge is an Ending Diagonal in Elliott Wave terminology. I travels up in the triangle in a series of 5 waves of 3 waves each. The last one can fall short of the upper line, or it may penetrate it. But it is the last wave and a significant correction follows.

Blessings,

SOJ
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