Elliot Wave Analysis of SPX drop with overlay of historic levels.
Key levels i'm watching over the next couple days into the weekend. Listed (?) at probable bounce/continuation levels. Hard lines are what i see as most likely scenarios, and dotted lines are also clear possibilities.
Clear repeat of prior fractal pattern. Consolidation along continuation support line. Looking to catch breakout move upward.
Overall price action downward along pitchfork. T/P at control price and up to green in channel on short time frame. Longer time frame, trending downward but near bottom.
Look for price to move along the Green/blue channel hovering below the Long Term Trend Line (gold). As overall Market begins to move upward, look for move into Yellow order box and a break above Long Term Trend Line.
Monero has been bouncing under a long term trend line for quite some time. Look for price to move up toward the yellow box in the mid term. More choppiness on the short term as it moves up along the green/blue channel.
Key levels of prior resistance/support for WTC/BTC