78 3
Over the next week or so we should have clarity on how S&P will sub-divide within this presumed 3rd wave of (5). The immediately bullish white count supposes price is already in a minute (circle) i-ii, (i)-(ii) and perhaps even subminutte i-ii. The tell will be holding high support and taking out resistance in an impulsive fashion. In the green count, which has slightly higher targets is operative, minute wave i tagging the 0.618 earlier this month. IF this count is operative then wave ii correction can go deeper with support at 211 region, perhaps as low as 206. (I use the fib retracement tool on smaller time frames, looking for the 38.2 to 61.8, but not visible here.)

Negative divergence on the hourly time frames, along with high support breaking late this week, suggests that the green alternative is certainly possible. With a break below the prior ATH near wave (3) - not shown, see instead yellow line - I'll likely take the white alternative off the chart.

I've calculated the fib extension of minor waves 1-2 and drawn them manually since the tool doesn't work on log scale, only calculating arithmetic extensions instead of percentage.

Targets for the white count are nearer the bottoms of the boxes while the green count nearer the top.

Ähnliche Ideen

Thanks a lot. Is there any update? I am just wondering if we have a chance to hit 205.X.
Yes, very possible. Might get a sizable bounce first.
Great analysis! do you think price will drop further to green (ii)? Thanks
DE Deutsch
EN English
EN English (UK)
EN English (IN)
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Startseite Aktien-Screener Forex-Screener Krypto-Screener Wirtschaftskalender So funktioniert es! Chartmerkmale Preise Hausregeln Moderatoren Webseite & Brokerlösungen Widgets Stock Charting Bibliothek Schnellhilfe Feature-Anfrage Blog & Nachrichten FAQ - Häufige Fragen & Antworten Wiki Twitter
Profil Profileinstellungen Konto und Abrechnung Schnellhilfe Veröffentlichte Ideen Followers Ich folge Private Nachrichten Chat Abmelden