WallStScalper

"CHOPPY MOOD" for the B-leg - before the C-leg up

FX:SPX500   S&P 500 Index
Harmonic ABCD

Update of my chart from yesterday!

If we have seen the top of the a-leg today at 2115.4 - the above chart is in spe as outcome.

Within the Elliott Wave Ending Diagonal understanding - we should only expect A-B-C moves.
The b-leg is being carved out now and should not take out 2100.
That will equal a 23.6 retrace of the a-leg

That will within harmonic trading give us a ABCD pattern with an ending target zone at 2148.2.

Notations on chart!

Trade what you see
@BLawrenceM

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Thanks for clarification on the Elliott Wave
+1 Reply
WallStScalper VivaciousVibrantVixen
You are welcome :)
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Except that I see 2150 as a Wave (z), and 220.46 as the end of Wave 5.
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Please remember this is a bullish and very optimistic count.
The bearish hasn't ended yet..only just started. Key pivot for bulls to take out is the 78.6 retrace of last swing high swing low. If it doesn't happen. This count is invalidated. Indicators on longer time frame are now quit barish, so this is an alternate count. I do see a correction being around the corner.
Attached chart is what I see and believe will happen:
+1 Reply
WallStScalper WallStScalper
Real time link is above in the link section
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Nice work BLM...thanks for sharing.

TDL
+2 Reply
WallStScalper TheDarkerLord
You are welcome... Let's see if it plays out. If so we can hopefully make a nice short leaving the trade on it's own while on summer vacation.
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I have the same targt too! It is good to find you!
+1 Reply
Have made a comment on your chart! Thanks for your post here :)
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