SPX prob. in a "Extended V Bottom", where the following wave c (grey) equals wave a (grey), just to finish larger wave b (red).
Target 1: for b (red)= 2800,
Target 2: for b (red)= 2900 (Flat-pattern)
Keep in mind, that the daily volume, so far, does not follow the trend! There is yet another downswing to come...
Target 1: for b (red)= 2800,
Target 2: for b (red)= 2900 (Flat-pattern)
Keep in mind, that the daily volume, so far, does not follow the trend! There is yet another downswing to come...
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Same pattern as DJI, btw...ملاحظة
IMPORTANT NOTE for the magenta ABC counts in wave a (grey): This could also be an impulse wave (most probably in NASDAQ)!BTW, the angle of the "extension" of the V Bottom equals 30 degrees...
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15min chart: "Descending Triangle"?ملاحظة
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إخلاء المسؤولية
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.