It seems that SPX is moving down in either a 1-2-3 impulse for the Wave A of a bigger correction or as Wave A) - B) - C) for a Zig Zag.
As of now it seems to be moving fast and hence looks more like a Wave 3) but could also be Wave C).
In either case the Wave is not complete yet and hence expect more downside from here.
Target : 2414
I will update further as this market continues.
As of now it seems to be moving fast and hence looks more like a Wave 3) but could also be Wave C).
In either case the Wave is not complete yet and hence expect more downside from here.
Target : 2414
I will update further as this market continues.
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Cross below Invalidation Line would mean that either we are in Wave (iv) as an Expanded Flat or that we are progressing in Wave (v).Nota
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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
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.