SPY Elliott Wave Triangle Still In Play
The move off of the upper triangle boundary d has been a little difficult to decipher,due to overlapping everywhere, but here's what I got.
Leading expanding diagonal wave A, with a 3 wave move to w. 3 wave bounce to x, followed by wave y, A), which may or may not be complete. When complete we should rally to wave B), followed by a wave C) drop to complete wave e of the triangle.
A significant break of the lower triangle support line, around 259 by the time SPY gets there, would throw out the triangle theory. Frequently, wave e falls short of the lower support line.
Leading expanding diagonal wave A, with a 3 wave move to w. 3 wave bounce to x, followed by wave y, A), which may or may not be complete. When complete we should rally to wave B), followed by a wave C) drop to complete wave e of the triangle.
A significant break of the lower triangle support line, around 259 by the time SPY gets there, would throw out the triangle theory. Frequently, wave e falls short of the lower support line.
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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.