Indice S&P 500Long
Sky rocket?
As I see it, each impulse has been followed by a zigzag or double zigzag.
Each impulse has also been reaching a higher high, while the following corrections have been ending at a higher low.
Besides that, each impulse has not been reaching the proper Fib target for a 3rd wave.
Therefore, I see this progression as a series of nested 1-2, which could mean the market is building the ground for the new all time high to be achieved with a five wave impulse rather than with a three wave corrective pattern, hence favoring the Minute wave v count instead of the Minute wave b for an expanded flat.
Each impulse has also been reaching a higher high, while the following corrections have been ending at a higher low.
Besides that, each impulse has not been reaching the proper Fib target for a 3rd wave.
Therefore, I see this progression as a series of nested 1-2, which could mean the market is building the ground for the new all time high to be achieved with a five wave impulse rather than with a three wave corrective pattern, hence favoring the Minute wave v count instead of the Minute wave b for an expanded flat.
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Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.