@DanV pointed out that wave 4 cannot be an ending diagonal. So I am correcting my previous chart.
Studying individual components of SP500 makes me feel that the market is set for a long term sideways movement. The fact that everybody expects a bubble burst makes me even more confident in such a scenario. Still short for 2020 though.
Here I took DJI and adjusted it for inflation to make the chart less distorted.
Studying individual components of SP500 makes me feel that the market is set for a long term sideways movement. The fact that everybody expects a bubble burst makes me even more confident in such a scenario. Still short for 2020 though.
Here I took DJI and adjusted it for inflation to make the chart less distorted.
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📏 Chartopedia, with examples of applying ElliottWave to real world charts