Wolf

SPX Fibonacci retracement bullish trend

Long
FX:SPX500   S&P 500 Index
3
There is a bullish trend and we can find that there is a relation between the Fibonacci retracements.

The waves appear to be moving up by a difference from the fib level 0.236 to 0.

In the last 2 waves, both Fib retracement heights are exactly the same. The last wave Fib level 0 was already reached and by the .236 - 0 difference, and it seems to be going down.

I hope to see it try to reach the fib level 0.618 and the support resistance trend line at 1693.
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.