If you see the count in my performance on a light background, you should know that this is the main scenario.
As you noticed, in "Fig. 1" wave I is an impulse, which already speaks in favor of the fact that wave V of (III) will take the form of the endingdiagonal. Moreover, the counting of the internal structure, as well as the "Right Look", helps to focus on this particular version of the count. In any case, the "covid" rally is coming to an end, it is worth preparing for a great bear market.
● SPXUSD (USD SP 500 CFD)🕐TF:1D "Fig. 3"
On the horizon, there is a correction by a minor wave 4, which, based on the guideline of alternation, will take the form of a sideways correction in the form of a triangle or a flat.
● SPXUSD (USD SP 500 CFD)🕐TF:4h "Fig. 4"
In fact, the decline is already underway within wave (iv). Further, the growth of the final (v) of ⓥ of 3 is expected.
As it was announced earlier, the alternative scenario is extremely negative and suggests the beginning of the decline by the supercyclical wave (IV) practically from the current values. Black label denotes a locally alternative count option, more bullish, but still through a rather deep retracement within the wave ②.
● SPXUSD (USD SP 500 CFD)🕐TF:4h "Fig. 6"
Alternative labeling was born literally today. Wave (4) can be represented as a combination "Double three". Then the impulse is formed by the final wave (5) of ⑤. It should be noted that such a count can be applied to the main scenario, it is only required to lower the wave degree by one level.
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