S&P 200 appears to be in a corrective ABC pattern. It has completed Waves A and B is currently moving upwards in Wave C. It has also completed four waves of Wave C and could move up next week to complete the fifth of the C wave around 6030.
Calculation of the target
Wave (v) could be equal in length to wave (i) or Wave C could be 0.613 times the length of Wave A. Interestingly, in both cases, the target is around 6030.
PS: This analysis is just for educational purposes and is not a recommendation to buy or sell. Please do your own research and trade at your own risk.
Calculation of the target
Wave (v) could be equal in length to wave (i) or Wave C could be 0.613 times the length of Wave A. Interestingly, in both cases, the target is around 6030.
PS: This analysis is just for educational purposes and is not a recommendation to buy or sell. Please do your own research and trade at your own risk.
Comment:
ABC wave completed?
Comment:
Looking for wave 3 to the downside
PS: This analysis is just for educational purposes and is not a recommendation to buy or sell. Please do your own research and trade at your own risk.
PS: This analysis is just for educational purposes and is not a recommendation to buy or sell. Please do your own research and trade at your own risk.
Comment:
Wave (ii) complete and wave (iii) likely started?
PS: This analysis is just for educational purposes and is not a recommendation to buy or sell. Please do your own research and trade at your own risk.
PS: This analysis is just for educational purposes and is not a recommendation to buy or sell. Please do your own research and trade at your own risk.
