Get started

Sandp500

S&P500 Elliot wave analysis,25/07/20 watch 3180$The ending triangle tend line is broken. I will consider a bearish scenario and entering wave 1 of the reversal only if we break through 3180$ For Bullish scenario 1- Wait for the confirmation level(3180$) to break 2- You might see a pull back , sell if you see a sell candle in the pullback(usually happens at 50%-61.8% fibo ratio) 3- Stop loss at 3293.7$ ** MAKE SURE YOU ARE NOT RISKING MORE THAN 1-3% Of YOU WHOLE TRADING ACCOUNT, THE AMOUNT OF MONEY YOU LOOSE IF WE HIT THE STOP LOSS MUST NOT BE MORE THAN 1-3% OF YOUR WHOLE CAPITAL***
U
by Analyticssage
2
S&P500 Elliot wave ,bearish setup , Update 4The market close on Friday with a big uncertainty. we observed a smearing move up. I still don't know if it is an impulsive wave or a corrective because the waves have not unfold completely. I think it is gonna be an impulsive wave as the characteristic shows. in that case we will have a WXYXZ correction and probably this will be the last correction. we should know by next week the direction of the market I will try to keep you update under this post as real-time as possible
UShort
by Analyticssage
5
S&P500 all Possible ElliotWave counts for next weekMany people asked me what will happen if the invalidation level gets broken! 3 thing might happen next week: 1- the invalidation level never gets hit and we will have a crazy down trend (left chart) 2- the invalidation level will get broken. In that case we will assume that wave 3 is extended and you can see the scenario in the right chart. the price will go up to the invalidation level and then reverse. 3- the price will climb up until the triangle gets invalidated the we will have a bullish count. I hope I could help to give you a clear picture of what might happen next week from a scientific point of view (not a personal point of view) based on the ElliotWave theory. -------------------------------------------------------- response why I think the mark has to crash: I always confirm my wave count with fibo and RSI or DPO. This is the daily chart: RSI confirms the wave count and also you can see a clear divergence , suggesting end of wave 5 wave 5 looks like a proper ending diagonal as well. That is why I am still on the bearish side. I will not Update this post as it is just educational post not a live trading one. Live wave count will be available under my previous post hope it helped
U
by Analyticssage