FX:SPX500   S&P 500 index of US listed shares
73 2 3
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)
EWS PRO
2 years ago
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.
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finitemonk PRO EWS
2 years ago
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
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