good evening,
quick update to my primary case for spy
talked about it briefly earlier today via 👇
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an abcde is a larger area of accumulation which generally takes place in a wave 4 corrective phase.
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here's an example of an abcde from last year 👇
once wave E is in, we generally see a parabolic spring phase which moves very quickly.
>while we remain within the confines of this triangle, price action can be extremely frustrating and tricky to track, especially to participants who do not know what an abcde is.
i'm looking for the next move within this triangle to take us up to about $4700 in the weeks ahead for wave D.
Wave D target = $4700
quick update to my primary case for spy
talked about it briefly earlier today via 👇
---
an abcde is a larger area of accumulation which generally takes place in a wave 4 corrective phase.
---
here's an example of an abcde from last year 👇
once wave E is in, we generally see a parabolic spring phase which moves very quickly.
>while we remain within the confines of this triangle, price action can be extremely frustrating and tricky to track, especially to participants who do not know what an abcde is.
i'm looking for the next move within this triangle to take us up to about $4700 in the weeks ahead for wave D.
Wave D target = $4700