SPY - Elliott Wave - rally assignment

192
Which forecast is more likely from the 30 min graph, if any? A-1, A-2 or A-3? From the context of relationship to Elliott Wave Theory and long-term prediction of expanding triangle correction (day chart), the rally seems to be an assignment to X-wave (red marking in the 1D graph) of double, maybe triple wave correction or as part of B-wave (green marking in the 1D graph) of regular/expanding flat.

Note:
1. For now I still hold the short-position (bought put option) of November 20 at strike 310. If the following pull-back will pass across the 38.1 % level from rally local ATH, I tend to the alternatives A-1 or A-2 otherwise to A-3 because of strong bull and I will take a loss.

2. Be careful, the candle close above all significant MA (see 1D graph) so bulls can be very motivated to push the market to the extremes for a short time.

Disclaimer: Presented ideas should be taken just as an observation, not trading advice. Always hold your own judgment.

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.