Hello traders, S&P 500 in daily timeframe , this analysis has been prepared in daily timeframe but has been published for a better view in 2 day timeframe.
This index also forms the main waves 1, 2 and 3, and according to the conditions we had in mind for starting wave 4, wave 4 has started.
Breaking the trend line was necessary to start wave 4.
This wave probably has a deeper correction compared to wave 2, and this correction will be in the form of a zigzag due to its sharpness at the beginning, and the target of this zigzag is around Fibo 0.50.
If the end of the main 3 wave is broken, the correction will change structurally.
🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏
❤️Please, support this idea with a like and comment!❤️
This index also forms the main waves 1, 2 and 3, and according to the conditions we had in mind for starting wave 4, wave 4 has started.
Breaking the trend line was necessary to start wave 4.
This wave probably has a deeper correction compared to wave 2, and this correction will be in the form of a zigzag due to its sharpness at the beginning, and the target of this zigzag is around Fibo 0.50.
If the end of the main 3 wave is broken, the correction will change structurally.
🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏
❤️Please, support this idea with a like and comment!❤️
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.