finitemonk

SPX: Triangle Wave ii

FX:SPX500   S&P 500 Index
73 views
3
73 2
Seems to be. Point d still tbc. Still acting correctively (in 3's). US session I think taking it back up, choppily to 1982/86 area.
If falls short of 1986.3 / 0.618 retracement , & with failure to break above recent intraday highs (a & c) could precipitate resignation / acceptance of a bear market (of which I interpret this triangle as denial)
Expecting proportionately wave i of iii to drop to steeper down channel bottom, upper 1940s / 1950 area, at least aiming there (& the bottom of the long term up)
Hi Finitemonk,

I like to count, but second waves are not allowed to be triangles. I think you are looking at a simple flat wave ii and wave iii lower should be seen any time now.

I think you are a bit conservative with you wave iii target too. This will likely be at least 161.8% the length of wave i, which should take wave iii down to 1,928 and possibly even lower.
Reply
Yes, very valid comments: I knew a triangle for wave ii's are rare ...
I'm not so experienced & trying to make sense of a bit mess
Any how it's broken now so proving the rarity! Hehe. I had 1900 ish as completion, maybe 1890 but thank you, comment much apreciated
Reply
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
HE עברית
Home Stock Screener Forex Screener Crypto Screener 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