Detailed continuation of the idea linked below.
Hoping at least three people tell me I'm wrong.
Before you do, this last "C" count is based on my opinion that it is a terminal pattern with a 5th wave horizontal triangle, so keep in mind that many of the typical rules (mostly overlap) do not apply.
SPX
Hoping at least three people tell me I'm wrong.
Before you do, this last "C" count is based on my opinion that it is a terminal pattern with a 5th wave horizontal triangle, so keep in mind that many of the typical rules (mostly overlap) do not apply.
SPXNote
Alternatively (irrelevantly), you could shift (b:3) over to (2) and start the parenthetical, impulse sub-wave count start where "1" is.Does not matter, the higher degree count is unaffected.
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Nearly there..Trade active
Updated setup as of 03-04-2021:Should be a bloodbath.
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Technical Analysis Update: None.If crypto falls, every other blown-up piece of garbage in the broader market will perish accordingly.
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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.