S&P 500 "Elliot Wave Analysis"
S&P 500 "Elliot Wave Analysis"
Elliot Wave : 5 Wave Pattern
✅Wave 1,3 and 5 Effect direction of market
✅Wave 2 and 5 are counter move to Wave 1,3 and 5
✅Wave 2 never strike below Wave 1
✅Wave 3 is never the shortest
✅Wave 4 never enter Wave 1
Elliot Wave : Wave Structure
✅Wave structure takes place in two distinctive phases
✅The first phase is the Five Wave Structure know as Motive Waves
✅The second phase is the Three Wave Structure know as Corrective Wave
✅Motive and Corrective Wave together form the completed wave cycle of Eight Waves
Motive Wave : The below chart of S&P 500 has completed the 5 Wave structure
Corrective Wave : The below chart of S&P 500 has been started to form 3 Wave structure
Based on the wave analysis, we expect the S&P price to fall to $4105.
Happy Trading $$$$
Elliot Wave : 5 Wave Pattern
✅Wave 1,3 and 5 Effect direction of market
✅Wave 2 and 5 are counter move to Wave 1,3 and 5
✅Wave 2 never strike below Wave 1
✅Wave 3 is never the shortest
✅Wave 4 never enter Wave 1
Elliot Wave : Wave Structure
✅Wave structure takes place in two distinctive phases
✅The first phase is the Five Wave Structure know as Motive Waves
✅The second phase is the Three Wave Structure know as Corrective Wave
✅Motive and Corrective Wave together form the completed wave cycle of Eight Waves
Motive Wave : The below chart of S&P 500 has completed the 5 Wave structure
Corrective Wave : The below chart of S&P 500 has been started to form 3 Wave structure
Based on the wave analysis, we expect the S&P price to fall to $4105.
Happy Trading $$$$
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.