Hi everyone, SPX is about to complet the C wave inside this Zig Zag ABC. Max wave 5 target (the 261.8%) fib is at 4500. It's a very clean pattern, impulse down in A, ABC in B and impulse down in C on the 100% fib. SPX is already diverging ( bullish Divergence Class A on the RSI ).
The big question is what's next...?
It can be 2 things now, a new higher high or the beginning of a WXY in what i think can be a Cycle Wave 4 retracement.
Where this Wave 4 can go ? At least to 3935 in the 0.24 fib from our last wave 2 we made in March 2009. But in between 0.3 and 0.5 more common (probable).
Best to you !! Thanks for your comments !
The big question is what's next...?
It can be 2 things now, a new higher high or the beginning of a WXY in what i think can be a Cycle Wave 4 retracement.
Where this Wave 4 can go ? At least to 3935 in the 0.24 fib from our last wave 2 we made in March 2009. But in between 0.3 and 0.5 more common (probable).
Best to you !! Thanks for your comments !
Trade active:
Trade active:
it turned out to be an impulse down !
Trade active:
With the FED announcement, little fakeout and
Thanks for supporting me by donating. CHEERS!
https://www.tradingview.com/gopro/?share_your_love=Crypto_Mercy
Visit my Website, https://crypto-mercy.com/
Join me on Youtube at : https://www.youtube.com/c/CryptoMercyTrading
https://www.tradingview.com/gopro/?share_your_love=Crypto_Mercy
Visit my Website, https://crypto-mercy.com/
Join me on Youtube at : https://www.youtube.com/c/CryptoMercyTrading