Possible Double Zigzag (WXY) pattern playing out on S&P500, which started from the ATH in January and is still on going.
In my previous analysis from 2020 (linked below), I proposed that the ENTIRE history of the S&P500 so far is simply part of a 5 wave bull Impulse, which is still on going. Within this bull Impulse, we are currently in Wave 3, which itself is turning out to be an 3rd Wave Extension made up of 9 waves. This Wave 3 started at the end of the Housing Market Crash in early 2009. Of this Extended 3rd wave, the current WXY correction we are in represents Wave 8 before we resume the bull trend to complete the extended Wave 3, which will then start the 2nd major correction on the bull impulse mentioned before on the macro scale. The first major correction (Wave 2) was a 3 wave correction consisting of the Dot Com Crash and Housing Market Crash.
According to this analysis, we are still in for some pain well into the new year, so hang tight! Trade responsibly.
#EverythingIsAlreadyWritten
In my previous analysis from 2020 (linked below), I proposed that the ENTIRE history of the S&P500 so far is simply part of a 5 wave bull Impulse, which is still on going. Within this bull Impulse, we are currently in Wave 3, which itself is turning out to be an 3rd Wave Extension made up of 9 waves. This Wave 3 started at the end of the Housing Market Crash in early 2009. Of this Extended 3rd wave, the current WXY correction we are in represents Wave 8 before we resume the bull trend to complete the extended Wave 3, which will then start the 2nd major correction on the bull impulse mentioned before on the macro scale. The first major correction (Wave 2) was a 3 wave correction consisting of the Dot Com Crash and Housing Market Crash.
According to this analysis, we are still in for some pain well into the new year, so hang tight! Trade responsibly.
#EverythingIsAlreadyWritten
