Hi everybody back with another idea. Been on here looking for bullish and bearish patterns and came across this falling wedge. Now is see why market is chopping the way is it on top of volume.
Closing over the wedge (weekly and daily) end of week (385) I will consider extremely bullish. Looking at sp500 top holding I dnt see much room left to go down 5% at most.
Looking from Elliott wave POV I see a fall after wave b (394 around daily resistance)is completed and wave c ending around 362 on daily time frame.
Weekly time frame much different and I see the abc completed and a retrace to wave b at 430. Keeping close eye on these.
365 bearish target and 390 bullish target for week. Closing the under 370 end of week will cancel bullish idea. Thinking more bearish then bullish anyway.
Let’s see how this choppy week end and happy news year’s too all. If u still here after this year you definitely earned it.
Not investing idea personal plan if market give it to me.
Closing over the wedge (weekly and daily) end of week (385) I will consider extremely bullish. Looking at sp500 top holding I dnt see much room left to go down 5% at most.
Looking from Elliott wave POV I see a fall after wave b (394 around daily resistance)is completed and wave c ending around 362 on daily time frame.
Weekly time frame much different and I see the abc completed and a retrace to wave b at 430. Keeping close eye on these.
365 bearish target and 390 bullish target for week. Closing the under 370 end of week will cancel bullish idea. Thinking more bearish then bullish anyway.
Let’s see how this choppy week end and happy news year’s too all. If u still here after this year you definitely earned it.
Not investing idea personal plan if market give it to me.
