SPX 500 is about to finish off Wave 5 on Supercycle and Wave 3 on Grand Supercycle! Wave 4 on Grand Supercycle is expected to go down and break the March low caused by the sell off due to Covid-19!
Even If I was wrong and it will not collapse then must at least retrace the 5 Waves up since March low to Wave 4 level around 3,200 area!
Expected top area: 3,981/4,108
Keep an eye on these levels tho:
3,981
3,993.8
4,023
4,044
4,059.5
4,108
I will provide in details analysis and counts below :)
If you have any questions, feel free to comment and I would love to hear your opinions and see your charts :)
GOODLUCK!
Even If I was wrong and it will not collapse then must at least retrace the 5 Waves up since March low to Wave 4 level around 3,200 area!
Expected top area: 3,981/4,108
Keep an eye on these levels tho:
3,981
3,993.8
4,023
4,044
4,059.5
4,108
I will provide in details analysis and counts below :)
If you have any questions, feel free to comment and I would love to hear your opinions and see your charts :)
GOODLUCK!
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Zoomed in
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4 hrs chart count of the 5th Wave
Comment:
Expecting an Ending Diagonal!
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Wave 5 on bigger pic as EDT!
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Do not get excited about the method, it's just an invention of mine lol using:
1-RSI
2- EWT
3- Fractals
I am not going to explain how I use the RSI to draw these trend lines but basically the RSI shows me where to put dots on the chart and then I connect them through lines (discovered through experience).
Will it work??! I don't know and I am not expecting it to but what If it did? damn! hehe
What interesting here is that I tried it on Covid-19 drop and it worked!! Also, while I was doing that, I spotted similar fractal that may or may not lol be repeated..SOON!
When do we know that the theory fails? the pink trend line to be broken 1 day candle closing!
You could say that trend line already broke before right?? yes but we all know that Wave 3 and 4 99% of the time break the channel as a fake out ;)
Let's see lool
1-RSI
2- EWT
3- Fractals
I am not going to explain how I use the RSI to draw these trend lines but basically the RSI shows me where to put dots on the chart and then I connect them through lines (discovered through experience).
Will it work??! I don't know and I am not expecting it to but what If it did? damn! hehe
What interesting here is that I tried it on Covid-19 drop and it worked!! Also, while I was doing that, I spotted similar fractal that may or may not lol be repeated..SOON!
When do we know that the theory fails? the pink trend line to be broken 1 day candle closing!
You could say that trend line already broke before right?? yes but we all know that Wave 3 and 4 99% of the time break the channel as a fake out ;)
Let's see lool
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HOW LOW CAN THE PCE GO??!! EXTREME GREED!!!! DO WHAT YOUR UNCLE WARREN TOLD YOU TO DO ;)
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MONTHLY RSI at MAJOR FIBO RESISTANCE!!!
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SPX 500 Possible Triangle Idea
Bullish after breaking green label
Bearish after breaking red label
Bullish after breaking green label
Bearish after breaking red label
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Ready for ATH?
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NASDQ 100 same concept another ATH!
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AS LONG AS SPX 500 DOES NOT TOUCH PREVIOUS LOW AT 3665.1 THEN ANOTHER AND FINAL ATH IS EXPECTED!!!
Comment:
hola mami!
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New ATH reached as predicted! Check the update :)
