S&P 500. Possible map for current correction
Updated
It looks like first 5 waves down of wave A are over in the upcoming zigzag structure.
Next we could see 3 waves up in the countertrend correction, wave B.
It could reach between 50% and 78.6% of wave A.
Then there is a second leg of 5 waves down of wave C.
Let us see how it goes.
Next we could see 3 waves up in the countertrend correction, wave B.
It could reach between 50% and 78.6% of wave A.
Then there is a second leg of 5 waves down of wave C.
Let us see how it goes.
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It reached the charted end of zigzag, it would be a magic if it falls right from thereComment
Now it is safe to say that the blue zigzag I added to the chart is showing magical accuracy )))Comment
It could be a full retracement in wave B to shape regular flatComment
two other options white & blue labelsAs soon as previous top at 2789.15 wasn't tagged there is a chance that we have very deep wave 2 of C (white).
Blue option have no problem with this invalidation level and can unfold anyway.
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Update with new labelstrend is your friend
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Updated target at 2434 where Y=W (yellow labels)Comment
Updated targets:Target 1 = end of W = 2533
Target 2 = y=w (yellow) = 2472
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initial idea almost fully came true but the reversal invalidated this pattern at the endDisclaimer
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