I am seeing what I consider could be a triangle correction along an ABCDE pattern on SPX (chart 2).
Or at least a standard compression correction along an ABC (chart 1).
As we know, in Elliot Wave, you only get triangles in Wave 4.
So I am pondering if we are about to see a big run up to Wave 5 which would melt-up the SPX to 6000 or higher (I'm not actually sure what degree this would be).
Or at least a standard compression correction along an ABC (chart 1).
As we know, in Elliot Wave, you only get triangles in Wave 4.
So I am pondering if we are about to see a big run up to Wave 5 which would melt-up the SPX to 6000 or higher (I'm not actually sure what degree this would be).
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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.