CFZ E-Wiggle Workspace Message Board

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Strategies & Market Trends : CFZ E-Wiggle Workspace

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kckip

To: kckip who wrote (38518)	5/4/2021 7:11:19 PM
From: skinowski	1 Recommendation Read Replies (1) of 41494

Yes. The strong impulse down (likely C) changed the picture from a Triangle breakout into (apparently) a Flat. But - look at the rally that followed! Ended in the green. On 10 minutes, it looks like INDU traced out an impulse UP from the days low - and started the next one. Key support is the 34K area. If it drops under that in AM, it’s possible that the rally was a three-waver. Could mean that the correction is on. My sense is, however, that the upside isn’t quite done yet.

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