S&P 500 and Symmetric.

S&P 500

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.