TradingView
AynCzubas
Aug 27, 2015 2:19 PM

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

S&P 500 index of US listed sharesFXCM

Description

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.
Comments
AynCzubas
Alternate Count:
More