S&P 500 (SPX) | The best target to fall🎯
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!❤️
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