FX:SPX500   S&P 500 index of US listed shares
309 3 8
According to my observations, all the movements in the stock market consist of five or three waves. I think wave 5 (in a circle) will consist of five waves. Now turn your attention to this chart. It consists of three waves. Waves (1) and (3) are trends. Wave (2) is an expanding triangle. I guess that wave (3) has been completed and we are already in the tapering triangle (4). Now we are seeing the development of wave (A). Wave (A) is the first part of the tapering triangle (4). My goal is to determine the possible values of wave (A). This will be a complex and difficult task, but one that is unavoidable.
If wave 2 was a complex pullback, alternation could suggest wave 4 would be sharp and quick.
This is the count I have. I am probably 100% wrong. not an ew guy at all. Just have a basic understanding of it.
I agree. The basic or classical understanding is exists. Your account is corresponds to the classical understanding. My account has the difference from you. But for you to understand it, I invite you to visit my website http://www.stockmarkettoall.com/
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