Fox666

Wave c is coming

Short
Fox666 Updated   
OANDA:SPX500USD   S&P 500 Index
The crowd thinks we're in a bull run when we're at ATH. But something is wrong. On the chart we see huge sales volumes and almost 3 years of bearish divergence. The new top can be wave b. The whole correction could be extended flat. In extended flat wave b can return 123.6% of wave a. In this case c can return the whole wave b or even more than 161.8% of wave b.
Comment:
On the chart we see that 123.6% of wave a has been overcome. In Expanded or Irregular FLAT, wave b can go up to 138.2% of wave a.
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.