SPX500 2H, EW - UPDATED
Updated
THIS IS NOT A TRADING ADVICE!!!
INFORMATION HERE WILL BE USED FOR A FUTURE AI
THIS SETUP IS PUBLISHED ONLY FOR PRICE ACTION FOLLOW UP NOT FOR TRADING.
Updated because of rally after FOMC meeting.
2H Chart between III - IV bigger cycle - expanding triangle.
III to IV is WXY (yellow)
W is subdivided to wxy (blue)
wxy is subdivided into abc (red)- ABC (yellow) - ABC (yellow)
Y is expected to be an ABC or WXY targeting marked area.
Also bigger cycle 12345's IV point target matches with target for Y
INFORMATION HERE WILL BE USED FOR A FUTURE AI
THIS SETUP IS PUBLISHED ONLY FOR PRICE ACTION FOLLOW UP NOT FOR TRADING.
Updated because of rally after FOMC meeting.
2H Chart between III - IV bigger cycle - expanding triangle.
III to IV is WXY (yellow)
W is subdivided to wxy (blue)
wxy is subdivided into abc (red)- ABC (yellow) - ABC (yellow)
Y is expected to be an ABC or WXY targeting marked area.
Also bigger cycle 12345's IV point target matches with target for Y
Note
2740 ma(200)-daily which is the upper limit for X, is the first resistance level. Expect to validate position of X at this resistance.
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