trip.trading
Short

Elliot Wave 4 and Cycles

SP:SPX   S&P 500 Index
45 0 0
I’m leaning towards one more push up to the 1950-80 area to finish wave 4. This is based on the assumption that if wave 4c = 4a = +96 it will lead to a target for 4c of 1872+96 = 1968. During September 2015, the S&P500             formed a similar wave 4 pattern and at that time, wave c (+117) was smaller than wave a (+126), i.e. c was 90% of a. If this is repeated, then the target becomes 1872+86=1958.

There’s resistance @ 1955 and 1980 so that could be the area where wave 4 will top and wave 5 down will start.

My scenario of wave 4 up becomes invalid if 1993, the low of wave 1, breaks to the upside as wave 4 can not overlap wave 1.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out