AndyM

1 / 0.886 / 0.382 impulsive pattern in SPX

FX:SPX500   S&P 500 Index
An impulse where w3 is smaller than w1 and w5 is smaller than w3 often adheres to a proportion of 1 / 0.886 / 0.382 on how w3 and 5 are related to w1. This seems to be the case for this hopefully last impulse in SPX which started at 1990.

I expect this impulse to finish at 2207 and then reverse.
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.