S&P500 Elliot wave ,bearish setup , Update 6!

Jesus! I cant believe this is the 6ht update on this Sh*T!
this market is becoming so boring and I can't believe it has not crash yet!
I have some big short position on this so I am watching this non stop.
this is the last count. there are 3 possibles as I explained in my previous post.
1- a triangle and the wave 5 and then crash
2- crash
3- another uptrend extension!!!!(can't even imagine this as an option!)

I am going for the triangle option as I am not 100% sure about the last wave, I can not confirm 100% is the wave 5 is over or not

تعليق:

It seems that the triangle Idea gonna be correct, wait for the breakout to confirm it

تعليق:

in case anyone wants to trade this pattern this is the setup

تعليق:

so , wave 5 now !

تعليق:

the wave count is complete now, complete 5 way, I am expecting the market to crash at some point

تعليق:

this is the 2day chart, will it crash just around the all time high?

تعليق:

the market is not moving at all! I was expecting to see an uptrend for wave 5.
in case it dose not move and crashes this will be the possible wave count
an ending diagonal for wave 5.
I am NOT 100% sure yet as it is not moving to waves to unfold. I am giving you a option

تعليق:

تعليق:

The fact that we broke the D wave it proves the ending triangle idea we had before.
The market is downtrend until I see a reversal sign.
How far will it go?
There are 3 targets but I need to see a 3rd wave starting first

تعليق:

The ideal.target will be where the triangle started but we need to break the d wave of the daily triangle first .
So my first target is the d wave of the triangle
This is the daily chart

تعليق:

If it breaks the invalidation I will stop counting bearish until I see another signal
I am also not buying this as all the indicators show divergence

تعليق:

The bigger trendline is at the fibi ratio
So I am expecting the price to get there

تم إغلاق الصفقة يدويًا