Is The Top In Now?
The question still remains of whether the local top is in. As you can see from the green count, we have enough waves to consider the top as being in and the pattern completed and we actually hit the bottom of our upper blue box target to the penny. I have also now moved my main support region for this pattern up to the 1490-1494 Es region and when that region gets taken out then we are most likely in correction mode.
But until that happens, I will have to warn you once again of a diagonal pattern, as shown in purple on the 60-minute Es chart, which still takes us up as high as the 1520 Es region, with the next move up most likely being wave c of wave iii. That would mean that we would then see a wave iv pullback before heading higher to complete larger fifth wave ending diagonal....209 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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