The Dow Jones Transportation Average (DJT) looks like it has completed a multi- month Elliott Wave Horizontal Triangle, if so it could now be in the early phase of a post triangle thrust up. A thrust is usually measured by the widest length of the triangle which in this case is wave (A) = 2986.80 points. This is added to the termination point of the triangle - the bottom of wave (E) 10260.30 + 2986.80 = 13247.10 as a possible bull market top.
For confirmation,all that is needed is to exceed Primary wave "3" boxed at 11623.60 top.
An alternate bull market top can be calculated by taking wave (A) length of 2986.80 x .618 = 1845.80 + 10260.30 = 12106.10 alternate bull market peak.
Time target late August early September 2019.
Mark
For confirmation,all that is needed is to exceed Primary wave "3" boxed at 11623.60 top.
An alternate bull market top can be calculated by taking wave (A) length of 2986.80 x .618 = 1845.80 + 10260.30 = 12106.10 alternate bull market peak.
Time target late August early September 2019.
Mark