SPY - Wave 4 of Wave C of Wave B | Scenario 1
I have 2 scenario's that i think look the best based off structure in this higher degree wave 4.
This first scenario suggests current correction is building a A structure, Monday wave B, Tuesday-Thursday wave C and start wave 5 Friday (ISH - im not best for timing this type)
Key area's i'm watching:
Upside:
424, 425.23, 426.47, 427.28 (gap fill), 427.70
Downside:
419.54, 418.29, 416.75, 415
Good Luck Traders!!
This first scenario suggests current correction is building a A structure, Monday wave B, Tuesday-Thursday wave C and start wave 5 Friday (ISH - im not best for timing this type)
Key area's i'm watching:
Upside:
424, 425.23, 426.47, 427.28 (gap fill), 427.70
Downside:
419.54, 418.29, 416.75, 415
Good Luck Traders!!
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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.