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S&P500 Weekly Chart - Wedge for wave V up?

FX:SPX500   S&P 500 index of US listed shares
219 0 3
Should we sell (c), the 2170-2200 area for targets (d) @ 2100/2080/2050?

So I was puzzling the weekly chart and suddenly it hit me that waves 5 up often show a triangle, diamond or wedge pattern…overlapping waves and anything but a nice and clean, non overlapping 5 wave up structure.

As an example, I will refer to the following time period: during OCT             15 – MAY 15, wave 5 up consisted of overlapping waves and an abcde structure.

And then I thought, what if the Price Pattern of OCT             15 – MAY 15 equals the current Price Pattern –> FEB 16 – OCT             16?

If history repeats once again, wave c up is close to finishing and wave d will take the S&P500             to 2100-2080-2050.

Last time, wave c up lasted 3 weeks and wave d in total 5 weeks (2 down, 1 up, 2 down).

Currenrly, wave c up lasts 3 weeks….Be prepared….
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