SPX : Daily : Updated Count : W.(iv) continuation as a Flat or Triangle is playing out.
Moving down most likely as the Impulsive W.c of Flat W.(iv), meaning we have more downside remaining here.
Moving down most likely as the Impulsive W.c of Flat W.(iv), meaning we have more downside remaining here.
Nota
SPX : 1H : Moving in downward Impulse with the current price action being in Wave iv/4 of the same. Now this Wave iv/4 may still be continuing as a Triangle formation in which case we will see sideways to bearish movement from here on in SPX.
Trading Strategy : Short with SL little above 2825.50.
Expected Move : Sideways to Bearish.
Nota
SPX : 1H : Reversal right at the 1:1 level suggests that Wave (B) is most likely complete and we are now proceeding in either a Triangle or Flat pattern.Strategy : Look for longs with SL below W.(B) low. Expect upside till white resistance https://zone.https://www.tradingview.com/x/kFzzcxk3/
Nota
4H : What looked like an Expanding Ending Diagonal is playing out as such as well, is this just a continuation of a bigger W.iv Triangle in SPX, or have we completed the fall with a Running Flat structure, whatever the case may be, expect some upside move, atleast in three waves which can take this market to the white Resistance zone : Unmatched 80% plus forecast accuracy for 6 years : 50eyes.com/forecast-accuracy/
Video Course : 50eyes.com/elliott-wave-course
Author : Think with the Markets
Video Course : 50eyes.com/elliott-wave-course
Author : Think with the Markets
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Unmatched 80% plus forecast accuracy for 6 years : 50eyes.com/forecast-accuracy/
Video Course : 50eyes.com/elliott-wave-course
Author : Think with the Markets
Video Course : 50eyes.com/elliott-wave-course
Author : Think with the Markets
Publicações relacionadas
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.