AynCzubas

4th Wave Appears Complete: Initial Downside Target 1760-1780 ?

Short
FX:SPX500   S&P 500 Index
1
At the point of the two horizontal white lines, wave C equals wave A and wave 4 is a 50% retracement of wave 3. This may signify that wave 4 is complete. Trading is opened and gapping is already occurring in what looks like a very small impulsive sequence from 1972.9. My minimum estimated downside target for the 5th wave is 1760-1780.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.