SPX 500 is about to finish off Wave 5 on Supercycle and Wave 3 on Grand Supercycle! Wave 4 on Grand Supercycle is expected to go down and break the March low caused by the sell off due to Covid-19!
Even If I was wrong and it will not collapse then must at least retrace the 5 Waves up since March low to Wave 4 level around 3,200 area!
Expected top area: 3,981/4,108
Keep an eye on these levels tho:
3,981
3,993.8
4,023
4,044
4,059.5
4,108
I will provide in details analysis and counts below :)
If you have any questions, feel free to comment and I would love to hear your opinions and see your charts :)
GOODLUCK!
Even If I was wrong and it will not collapse then must at least retrace the 5 Waves up since March low to Wave 4 level around 3,200 area!
Expected top area: 3,981/4,108
Keep an eye on these levels tho:
3,981
3,993.8
4,023
4,044
4,059.5
4,108
I will provide in details analysis and counts below :)
If you have any questions, feel free to comment and I would love to hear your opinions and see your charts :)
GOODLUCK!
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Zoomed inTrade active
4 hrs chart count of the 5th WaveNote
Expecting an Ending Diagonal! Trade active
Wave 5 on bigger pic as EDT!Trade active
Do not get excited about the method, it's just an invention of mine lol using:1-RSI
2- EWT
3- Fractals
I am not going to explain how I use the RSI to draw these trend lines but basically the RSI shows me where to put dots on the chart and then I connect them through lines (discovered through experience).
Will it work??! I don't know and I am not expecting it to but what If it did? damn! hehe
What interesting here is that I tried it on Covid-19 drop and it worked!! Also, while I was doing that, I spotted similar fractal that may or may not lol be repeated..SOON!
When do we know that the theory fails? the pink trend line to be broken 1 day candle closing!
You could say that trend line already broke before right?? yes but we all know that Wave 3 and 4 99% of the time break the channel as a fake out ;)
Let's see lool
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HOW LOW CAN THE PCE GO??!! EXTREME GREED!!!! DO WHAT YOUR UNCLE WARREN TOLD YOU TO DO ;)Trade active
MONTHLY RSI at MAJOR FIBO RESISTANCE!!!Trade active
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SPX 500 Possible Triangle IdeaBullish after breaking green label
Bearish after breaking red label
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Ready for ATH?Trade active
NASDQ 100 same concept another ATH!
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AS LONG AS SPX 500 DOES NOT TOUCH PREVIOUS LOW AT 3665.1 THEN ANOTHER AND FINAL ATH IS EXPECTED!!!Note
hola mami!Trade active
New ATH reached as predicted! Check the update :)
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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.
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.