SP500 Completed 5 Wave and ABCD, Could Continue Back Up
ES hit the fib retracement target region for a 5 wave and ABCD Elliott wave pattern.
It is quite likely to continue back up before long. It recently had a series of low range days so is likely to have a range expansion which means a large upward trend day is in the cards.
After trending upward, it is also likely to try to correct back down to the red median line, although that might a long way off.
I am looking for the bulls to put up a fight here, Monday might be choppy then Turnaround Tuesday ends up as a green trend day.
It is quite likely to continue back up before long. It recently had a series of low range days so is likely to have a range expansion which means a large upward trend day is in the cards.
After trending upward, it is also likely to try to correct back down to the red median line, although that might a long way off.
I am looking for the bulls to put up a fight here, Monday might be choppy then Turnaround Tuesday ends up as a green trend day.
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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.