S&P500 Elliot wave ,bearish setup , Update3

30 thg 7, 2020

this is the last bearish model we can consider for now.

if It fails I will stay away from the market because RSI shows a divergence in daily chart and I dont like to buy a diverged market.

30 thg 7, 2020

Ghi chú

wave 5 of the y correction seems to be termination at the
1-fibo level
2- broken trend line
3- RSI resistance point

you can even consider shorting now as the stop loss is also very tight

30 thg 7, 2020

Ghi chú

By the way I have short the market already ;)
lets see what will happen

31 thg 7, 2020

Ghi chú

31 thg 7, 2020

Ghi chú

31 thg 7, 2020

Ghi chú

don't rush to sell, there is bluish scenario which is strongly valid as well!!!
We need all to see several confirmations.

31 thg 7, 2020

Ghi chú

I didn't expect the price to drop so quickly ! but everything is going based on the predication so far :)

31 thg 7, 2020

Ghi chú

now that we have our first confirmation , this the the bearish setup

31 thg 7, 2020

Ghi chú

now we have 2 scenarios, I have plot both on the same chart

31 thg 7, 2020

Ghi chú

Unfortunately we hit the invalidation level
this is the new wave count

31 thg 7, 2020

Ghi chú

The 30min chart will be this way, we have a wxyxz correction now

1 thg 8, 2020

Đã hủy lệnh

I published the new post see that one for the recent updates