Hi guys
Good day everyone
4 hour chart from my point of view: Mr. Nobody
SP 500
From the starting price point of 4811.25 bearish market friends we have 5 waves down which I have labeled triple zigzag
The question is, what is the probability of a rising market???
1- The first possibility: if it is a corrective pattern, up to 50% to 61.8% Fibonacci retracement can advance and the bear market will continue once again.
2- The second possibility: if this triple zigzag correction is enough, the price should reach at least 4319.75, the correction pattern will form a clear continuation of the trend, and the rising market will be followed.
Starting five waves down and now waiting for three waves up which could be a double zigzag pattern
Good luck, be patient with your business
Good day everyone
4 hour chart from my point of view: Mr. Nobody
SP 500
From the starting price point of 4811.25 bearish market friends we have 5 waves down which I have labeled triple zigzag
The question is, what is the probability of a rising market???
1- The first possibility: if it is a corrective pattern, up to 50% to 61.8% Fibonacci retracement can advance and the bear market will continue once again.
2- The second possibility: if this triple zigzag correction is enough, the price should reach at least 4319.75, the correction pattern will form a clear continuation of the trend, and the rising market will be followed.
Starting five waves down and now waiting for three waves up which could be a double zigzag pattern
Good luck, be patient with your business
