RussianAmbition

IS THERE STILL MORE ROOM TO GO?

AMEX:SPY   SPDR S&P 500
this should be a correct wave count
If you study your sub-waves you will see that this count doesn't work. Your (1) is an ABC where A=C. Your (3) is more likely a 5 wave C that ended in an ending diagonal at your marked (3). An ending diagonal represents the end of a trend. Since then there has been a clear 5 down and a clear ABC correction that began to give way to the next 5 down last week.
Or, I'm wrong and you will make money buying the bounce....again....good luck!
Reply
do you mind posting a picture here of a weekly chart of how you would draw it?
Reply
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
Việt Nam
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Priority Support Contact Support Ideas Published Followers Following Private Messages Chat Sign Out