CME EMINI SP500

After the completion of the 5th leg of the expanding diagonal , a significant downside move is expected to take place.

 

Why ?

 

cause the posters cracke pipe told him

 

Wanted to write the same question. Word.

 

There has to be a first time where a Wave Counter is correct.

 

ROASO:
He said that William R. Travers, who was bearish, once met a friend who was bullish. They exchanged market views and the friend said, "Mr. Travers, how can you be bearish with the market so stiff?" and Travers retorted, "Yes! Th-the s-s-stiffness of d-death!"

 

https://www.urbandictionary.com/define.php?term=Shaft grasper is what I think when I read about stiff things... also known as trump supporters

 

Hesitated rally with lack of sufficient momentum to maintain a strong impulsive rally .EW studies suggest an expanding diagonal triangle which will end up with a significant correction.Price/ oscillator divergence + the market is moving higher in low volume which are not supportive a strong MT trend.

 

What made you connect points 2 and 4, vs. say, "Y" and 4?

 

Exactly, a more logical channel would be something like this



Also, divergences don't work as well on a long term trend.