US500 evening update
This count has US500 in wave ((5)), with key support at 5677.8.
I have area in green ellipse as a complete five-wave structure, with 1>3>5. This remains valid as long as price remains below 5829.7.
If price remains below 5829.7, then will look for corrective structure to finish above 5677.8 for a wave (2) of ((5)) or an impulsive structure to take out support at 5677.8.
If 5829.7 holds as resistance and 5677.8 breaks as support, it would suggest five-wave structure from 5 August low is complete.
I have area in green ellipse as a complete five-wave structure, with 1>3>5. This remains valid as long as price remains below 5829.7.
If price remains below 5829.7, then will look for corrective structure to finish above 5677.8 for a wave (2) of ((5)) or an impulsive structure to take out support at 5677.8.
If 5829.7 holds as resistance and 5677.8 breaks as support, it would suggest five-wave structure from 5 August low is complete.
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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.