UnknownUnicorn782167

UnknownUnicorn782167 Updated 

traiangle looks to be complete here is the 60 min tf e went to 1.618 fib abc with a expanding triangle for b

UnknownUnicorn782167

I can count 5 waves up for a (or1) the correction appears to be drawing out a triangle in 3`s as so should a triangle in elliott wave 33333 if this is the case 1.11 would be the equality target for the zigzag 535 (zigzag b can be a triangle) page 89 guidelines of wave formation Elliott wave principle. if it breaks the trendline it could be abc instead but...

UnknownUnicorn782167

possibly time for a correction again. hit another fib level as shown in chart. will wait for another buy

UnknownUnicorn782167

looking for corrections at these fib levels. do not have to be excessively deep just a elliott patern abc - triangle - etc will it be before the top or after breaking the top.

UnknownUnicorn782167

zigzag being followed by impulse I think it will continue to go long get near the top correct for 4 then break up for 5 looks like alot of 1s and 2s

UnknownUnicorn782167

potential triangle formation for b wave and short for c all other information in chart analysis only not a trade set up Short first then a rally (if a triangle B)

UnknownUnicorn782167 Updated 

Large wave count targets 133.8 (0.618 extension of b) - 153 (100% extension of b and 0.38% retracement of wave 3) other outcomes possible I am just counting what I see

UnknownUnicorn782167

Elliott wave count of spx with fib if wave 5 is in as top. down side targets are full move fib retracements 0.38 looks deep but does go back to end of wave 4 so possible 0.236 very likely and generally sideways for a while

UnknownUnicorn782167 Updated 

Short term i`d expect correction to develop between 0.382 and 0.618 - longer term and i don`t know for what reason a drop to 100% - $12000 abc move has hit the 0.618 extension - possible to go 1 to 1 longer term. see what develops in the circle as to which direction it will go. if I was investing from here i`d be worried. trading it back and forth is fine.

UnknownUnicorn782167

a couple of important fib levels coming up if further downside may correct there for a while.

UnknownUnicorn782167

short to fib extension look for a small correction on 1mtf thanks for looking...

UnknownUnicorn782167

long from 0.618 short term very possible. ( or wait for pattern to complete then probable short to 1-1 extension )

UnknownUnicorn782167

retesting .38 fib look for short setups news just swinging price around which makes it slightly less clear.

UnknownUnicorn782167

expanding flat idea looking for correction on 1mtf if price moves up on 15mtf

UnknownUnicorn782167

I can count 5 of a 5th wave which is more or less equal to wave one. I would hope to see a corrective structure below the 0.38 higher time for fib for a push up through it - will hopefully develop this week. Other outcomes possible and will take which ever one comes up. waiting for a good 15 min to 1 hour pattern to develop. Not an elliott waver more of a...

UnknownUnicorn782167

more movement to upside from previous abc possible - if you buy do it on the 1mtf and look for an abc there. - No buy for me from here but if you intend going short be warned.

UnknownUnicorn782167 Updated 

abc on 1 hour chart - will look for a buy on 1 min tf not interested in shorting yet - even if it does go from here.

UnknownUnicorn782167

potential abc flat last leg went to 1.618 and reversed if bullish aim for extensions if bearish let a correction form