|SP500 Half-Hour : Patterns in a Potential Triangle|
By the way. We know that the five waves up to (c) at 2389.70 on FED day, Wed, March 16th, were, in fact, an ending contracting diagonal - as we had surmised in live chat - because the start of that diagonal has been exceeded lower. Now, it looks like we have another contracting diagonal lower.
This suggests in the very short term the next move will be up, then down. A triangle is not a certainty. It is only a probability until it proves itself.
Have a good evening!