SPX- Will it Complete the Butterfly Pattern?
Yesterdays daily doji candle dropped below the green trend line from the March 2020 lows. Did the butterfly harmonic fail?
Price needs to reattach itself back up near this line soon or the bear has come back again.
The Butterfly harmonic would look the best if price went higher to the point D at the 127% extension of XA near 3307
Elliott wave labels (yellow) C of the bigger wave (green label) B are near the Butterfly completion also. Next week should be interesting.
Price needs to reattach itself back up near this line soon or the bear has come back again.
The Butterfly harmonic would look the best if price went higher to the point D at the 127% extension of XA near 3307
Elliott wave labels (yellow) C of the bigger wave (green label) B are near the Butterfly completion also. Next week should be interesting.