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SPX500 2H, EW - UPDATED

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OANDA:SPX500USD   Indeks S&P 500
THIS IS NOT A TRADING ADVICE!!!
INFORMATION HERE WILL BE USED FOR A FUTURE AI
THIS SETUP IS PUBLISHED ONLY FOR PRICE ACTION FOLLOW UP NOT FOR TRADING.

Updated because of rally after FOMC meeting.

2H Chart between III - IV bigger cycle - expanding triangle.
III to IV is WXY (yellow)

W is subdivided to wxy (blue)
wxy is subdivided into abc (red)- ABC (yellow) - ABC (yellow)

Y is expected to be an ABC or WXY targeting marked area.

Also bigger cycle 12345's IV point target matches with target for Y
Komen:
2740 ma(200)-daily which is the upper limit for X, is the first resistance level.
Expect to validate position of X at this resistance.
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.