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samitrading
Jun 23, 2021 1:44 PM

SPX's Elliott count "Ultimate Target" for an Extended W1 is"Due" 

S&P 500 IndexTVC

Description

If wave 1 is extended, then the size of wave 3 through to the end of wave 5 is often 61.8% – 78.6% relative to the size of wave 1
If wave 1 is extended, then wave 2 and 4 are very likely to be shallow (i.e. 23.6% – 38.2%)
If wave 1 is extended, then wave 2 will often end at the level of sub-wave 4 of 1 (i.e. the internal wave 4 of wave 1)

Comment

Getting "Very " close !!!

Comment

Text book Elliott count still holding to last few points :-)
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