I called for the temporary strength in wave (B) in my earlier post (see related idea).
It looks like we are completing it and another drop down is just ahead.
Signs of wave B soonest finish are: wave C in wave (B) already reached the 1.618 of wave A.
Wave (B) has almost reached the 61.8% of wave (A).
The second drop could be even faster as it will be wave (C).
The minimum target is set around 2470 where wave (C) = wave (A)
It looks like we are completing it and another drop down is just ahead.
Signs of wave B soonest finish are: wave C in wave (B) already reached the 1.618 of wave A.
Wave (B) has almost reached the 61.8% of wave (A).
The second drop could be even faster as it will be wave (C).
The minimum target is set around 2470 where wave (C) = wave (A)
ความคิดเห็น:
Index is coming back. As long as we are below 2754.42 the labeling is intact.
ความคิดเห็น:
If the 2754.42 is broken then it could be wave 5 in wave C of (B)
ความคิดเห็น:
5th wave already reached all regular targets as well as wave c of C of (B)
I added extra levels beyond 61.8% of wave 1-3 to the chart between 2770 and 2815
These levels amazingly coincide with the Wave (B) regular retracement area (blue rectangle).
RSI shows Bearish Divergence
For the confirmation the index should first break the support trendline around 2735 and then the threshold of wave 5 below 2697
I added extra levels beyond 61.8% of wave 1-3 to the chart between 2770 and 2815
These levels amazingly coincide with the Wave (B) regular retracement area (blue rectangle).
RSI shows Bearish Divergence
For the confirmation the index should first break the support trendline around 2735 and then the threshold of wave 5 below 2697
ความคิดเห็น:
SPX stalled at the 78.6% of 1-3 of c of B
Trendline support was broken down
Minimum target where C=A was recalculated to 2515
The confirmation for the drop is below 2697
Enjoy
Trendline support was broken down
Minimum target where C=A was recalculated to 2515
The confirmation for the drop is below 2697
Enjoy
ความคิดเห็น:
I think we are in wave 4 of A and another small drop will be followed by wave B correction and then another drop to finish big wave (C)
ความคิดเห็น:
interim correction started earlier
ความคิดเห็น:
Zoom into structure
ความคิดเห็น:
my thoughts back to the first idea at the
no more updates under this idea
no more updates under this idea
The break and close below 2727 (candle's body) would confirm the pattern.