S&P 500 and Symmetric.

20 May 2018

Everybody speak about market correction . Yes I do , I agree with it .But what is correction , and what about a consolidation ? Pay atention on this picture , this formation calling triangle, or maybe "a pennon or a flag " it is no matter how will you call it . What is important in this case it look like a classical figure of trend continuation , more over, look inside this triangele - this is absolutely classical correction wave , describe in theory of Eliot waves and name of this thing - the horizontal triangle or in our case it is symmetric triangle . Classical trend continuation figure.