Symmetrical triangle in Bosch since 03/2015

Jun 1, 2017

Bosch has been forming a symmetrical triangle since 03/2015 . According to me it is running the last E wave of that triangle . (Caveat the Two dark blue lines are the points if invalidation and tad above/below them should be used for stop loss depending upon the position taken as then the triangle will become invalid)

1. Wave C = 0.618 A in this triangle (not shown here)
2. So we can expect wave E = 0.618 C and should end at 19700 .
3. Post triangle thrust . Extend AC line and draw a perpendicular from the start of wave A . shown here . The price difference is abt 14200 . Add this figure to the end of wave E . In this case 19700 + 14200 = 33,900 which shall give the end if primary wave 5 .
Post triangle thrusts are very swift in nature and may also extend.
So those who are holding Bosch can expect this target in a few months . We will see the structure of wave 5 to see exact targets.
4. All waves within the triangle are 123 structures . In this case complex correction in wxy form .
5. Triangles in form on their own in wave 4 potions only .