S&P 500 IndexLong
SPX - An Elliot perspective
So the waves on 4h are pretty clear - last time first wave retraces almost at 100%, then the 3rd wave retraced to 0,618 fib level, and shoot up to in between 1.618 and 2.618 fib level for wave 5.
Now the waves we have now - first wave was almost fully retraced, third wave retraced to .0618 fib level aswell, and now we're in wave 5.
Also the pattern reminds me of BTC 2021 double top - so expecting a push to 4140 to fill that last long wick from previous wave 5.
Now the waves we have now - first wave was almost fully retraced, third wave retraced to .0618 fib level aswell, and now we're in wave 5.
Also the pattern reminds me of BTC 2021 double top - so expecting a push to 4140 to fill that last long wick from previous wave 5.
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