S&P 500 Index (SPX)
Trying to dive into some Elliott wave theory and I have a more "interactive" chart to present based off of historical data. I chose this sequence and timeframe because it seems easiest to understand with confirmed examples from some of my own reading materials. This was notated by previously known EWT masters to be a "Double Zigzag" corrective wave, in a bull market. I have taken the time to attempt to notate the subdivisions more clearly. This may not be perfect, but it is the best I can provide of a learning resource at this moment from my current understanding of EWT. The wave degrees may be slightly wrong but I think the wave count is technically correct as long as the first wave C of the first move down is actually some sort of diagonal. I also speculated that it could be a triple-three but I think a diagonal impulse makes more sense in that phase of wave C. Thanks for checking it out! Follow for more EWT ideas!
My Elliott wave analyses could be wrong at any moment, this is practice solely for educational purposes. Please do your own research as always!
Thanks for tuning in :) Disclaimer, anyone in the trade needs to do their own due diligence and decide what is right for YOU. My charts can be wrong at any time and it's very important that you have your own strategies and plans in place. I run this channel for my own educational purposes of learning to trade, and I will never be 100% right, so please do not let me confirm any bias for you! (Dangerous to do so, stay safe and remember the basics & rules of risk assessment.) Expect the unexpected and happy trading!
Trying to dive into some Elliott wave theory and I have a more "interactive" chart to present based off of historical data. I chose this sequence and timeframe because it seems easiest to understand with confirmed examples from some of my own reading materials. This was notated by previously known EWT masters to be a "Double Zigzag" corrective wave, in a bull market. I have taken the time to attempt to notate the subdivisions more clearly. This may not be perfect, but it is the best I can provide of a learning resource at this moment from my current understanding of EWT. The wave degrees may be slightly wrong but I think the wave count is technically correct as long as the first wave C of the first move down is actually some sort of diagonal. I also speculated that it could be a triple-three but I think a diagonal impulse makes more sense in that phase of wave C. Thanks for checking it out! Follow for more EWT ideas!
My Elliott wave analyses could be wrong at any moment, this is practice solely for educational purposes. Please do your own research as always!
Thanks for tuning in :) Disclaimer, anyone in the trade needs to do their own due diligence and decide what is right for YOU. My charts can be wrong at any time and it's very important that you have your own strategies and plans in place. I run this channel for my own educational purposes of learning to trade, and I will never be 100% right, so please do not let me confirm any bias for you! (Dangerous to do so, stay safe and remember the basics & rules of risk assessment.) Expect the unexpected and happy trading!