WYZ pattern unfolding? The decline off the highs in December consists of a complex series of 3 wave moves. I'm expecting another series of three waves to a final low for this bear run.
Where will this take us? God only knows although this presupposed decline will likely be larger than the first two. For now I'm labeling the target zone at the 1:1 Fib ratio of wave Y.
Time for this decline accuracy is not taken into account by the line drawn to the buy zone. I hope I'm wrong about this but with the world as worked up as it is would it surprise you?
A move beyond 4260 will negate this trade for me.
Where will this take us? God only knows although this presupposed decline will likely be larger than the first two. For now I'm labeling the target zone at the 1:1 Fib ratio of wave Y.
Time for this decline accuracy is not taken into account by the line drawn to the buy zone. I hope I'm wrong about this but with the world as worked up as it is would it surprise you?
A move beyond 4260 will negate this trade for me.
Note
ES Hourly.. So far pitchfork has contained the advanceNote
The white box is a potential termination of the proposed X wave before the Z wave to follow. This area contains a fib cluster and and the 1.5 & 1.75 tines of the pitchfork. A move above the tines would negate the WYZ pattern in my opinion. Note
Note
Market poised to hit the fib cluster outlined in Red Box. Let it come to you and confirm a topping action. Note
Bearish Star Appears @ the Fib Cluster.... Topping Action Beginning?Note
S&P intra-day from 8-11
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.