Tuesday, June 3, 2014

Assured Guaranty Ltd (AGO: NYSE) ending diagonal, set for down trend

AGO completed wave 4 and followed by wave 5 diagonal.
Wave 5 diagonal has itself completed sub-waves a-b-c-d and now attempting to complete sub-wave e in the form of a triangle.
The triangle has completed sub-sub-waves i, ii, iii & iv, and trying to finish with wave v.
Once wave v is complete, it is time to short the stock.


 Weekly chart shows after wave 4 a well defined channel.



 Daily chart showing details of the ending triangle of the diagonal.

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