I just wanted to look one more time at the "W" that is forming and why. Here is what I think it means and how it will finish.
I believe at the bottom center of this W will be 3,3,2 Candles. Right now 3,2 is complete. I believe today will be a similar candle to the preceding two, in that the high and low will be similar. Today should open higher and then move even higher, close to the high of the previous two days. Then it will move lower to have a low similar to previous two days. Then the market will finish close to the open. My feeling is that it will be a red candle today. It will open higher, go higher but ultimately finish slightly lower than the open. It will resemble a Long Legged Doji. Or a Long Legged Cross, or it will be a red candle with a larger lower body and long upper wick.
Then tomorrow the market will move lower to begin and form the right trough of the current "W". I think that this trough will comprise at least two but no more than three candles. (I pick two as this will match "Brooks Koepka"). And 332 matches his 2019 wins...(Second (2) PGA, Third (3) US Open, 2019 (3)) So the trough of the W will be comprised of 332 or 333 candles and I think 332 is most likely. This is how they operate. We shall see.
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| Dow Jones Close On 5/17/2019 Showing W Forming |
