SPX500USD before a 4.11% decrease. The index turned south. The analysis shows that a 1: 2 fractal copy can start. This seems to be supported by the double value of the ATRs indicated by the white squares. Last time in the education chapter, I talked about gold as indicating a predictive volatility. So, if the volatility forecast is doubled, then the next correction may be doubled. Now the only task is to find the resulting fractal, which can be resized. Based on the analysis I found it in the middle of the rising wave sequence. Therefore, my assumption is as follows. The exchange rate turns south, the amount of the correction can be twice the original fractal. Target price 3197usd.
@arsal, On Monday, I will calculate an accurate entry strategy and update the analysis.
arsal
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@meszaros, hi
Any update about stop-loss and entry point?
Captain_Walker
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This is another brilliant fractal-based analysis. You're getting better and better every day! 👊😃👍 I can't northward bounce after 3200, but that's because I see too much wrong with the fundamentals.