ES1! - S&P 500 Bear Count
Atualizado
The 0 to 5 count is very helpful in determining the current state of Swings & Pullbacks.
Any Swing or Pullback can be counted from 0 to 5.
When 5 is reached, it restarts from 0, again to 5, just in the opposite direction.
This count is most effective when you count the real Swings. By "real" I mean, if you follow these Rules:
Up-Swings:
A new high is CONFIRMED when the last low got broken
Down-Swing:
A new low is CONFIRMED when the last high got broken.
Here in the S&P 500 we see 3 different counts.
- grey = Pendulum Swings, the biggies
- yellow = Swing count withing the Pendulum Swings
- red = Pivot count within the yellow Swing count
Currently we are in a overall down-count.
Nr. 3 of the grey, Nr. 5 of the yellow and Nr. 3 of the red. So, a very good short opportunity.
Another short indication is the nice dobule-top at the white center line of the up-sloping pitchfork.
And finally the bear flag where you see the red 1-2 count.
If all this fails, then we see a much higher grey 2,4,5 high count.
Let's find out.
Any Swing or Pullback can be counted from 0 to 5.
When 5 is reached, it restarts from 0, again to 5, just in the opposite direction.
This count is most effective when you count the real Swings. By "real" I mean, if you follow these Rules:
Up-Swings:
A new high is CONFIRMED when the last low got broken
Down-Swing:
A new low is CONFIRMED when the last high got broken.
Here in the S&P 500 we see 3 different counts.
- grey = Pendulum Swings, the biggies
- yellow = Swing count withing the Pendulum Swings
- red = Pivot count within the yellow Swing count
Currently we are in a overall down-count.
Nr. 3 of the grey, Nr. 5 of the yellow and Nr. 3 of the red. So, a very good short opportunity.
Another short indication is the nice dobule-top at the white center line of the up-sloping pitchfork.
And finally the bear flag where you see the red 1-2 count.
If all this fails, then we see a much higher grey 2,4,5 high count.
Let's find out.
Nota
So far we're on track.Let's see if it's really tanking.
Nota
All tough I expect a intraday pullback, mid term we will see the grey leg 3, a new low.
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.