Elliott Analysis on SPY, 30min, ABC correction
Starting from the largest trend to the smallest:
We are in wave 4 (of 5) in the uptrend.
We are in wave b (of c) in the corrective wave 4
We are in wave c (of c) in the corrective wave b
We are in wave 5 (of 5) in the impulse wave c
Rules: Wave 3 cannot be the smallest, this makes the yellow line the max point of wave 5.
Guidelines: In an A-B-C correction, wave C is 1x, .682x, or 1.86x wave 1 (blue).
Conclusion: The market will turn soon to the downside, with targets at on of either 250, 237, (maybe) 217.
We are in wave 4 (of 5) in the uptrend.
We are in wave b (of c) in the corrective wave 4
We are in wave c (of c) in the corrective wave b
We are in wave 5 (of 5) in the impulse wave c
Rules: Wave 3 cannot be the smallest, this makes the yellow line the max point of wave 5.
Guidelines: In an A-B-C correction, wave C is 1x, .682x, or 1.86x wave 1 (blue).
Conclusion: The market will turn soon to the downside, with targets at on of either 250, 237, (maybe) 217.
Отказ от ответственности
Все виды контента, которые вы можете увидеть на TradingView, не являются финансовыми, инвестиционными, торговыми или любыми другими рекомендациями. Мы не предоставляем советы по покупке и продаже активов. Подробнее — в Условиях использования TradingView.