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Mac2302
Dec 1, 2021 4:05 PM

SPY downtrend anticipated Short

SPDR S&P 500 ETF TRUSTArca

Description

SPY, once completes waved B, blue, wil resume its downtrend/

Comment

Enjoy the ride to 440s

Trade closed: target reached

Reached in 44x, one heck of a ride :)
Comments
samitrading
If we have such count buddy, the your A in Blue should be W, your B in blue should be X and your C in blue should be Y. Just like a double zig zag WXY formation. Keep up the good work.
Mac2302
@samitrading, Sure, thanks, i agree om W-X-Y but, its early, to transform A(3waves)-B-C (Flat) into W-X-Y, -there is one more possiblity that, it is making zig-zag on lower time frame and Blue B is where it will complete its, C of B., will see how it unfolds
samitrading
Nice analysis , another way to look at it. Keep up the good work buddy.
Mac2302
@samitrading, Thanks
samitrading
@Mac2302, I have mentioned your idea in my update buddy with you best.
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