S&P500 all Possible ElliotWave counts for next week
Many people asked me what will happen if the invalidation level gets broken!
3 thing might happen next week:
1- the invalidation level never gets hit and we will have a crazy down trend (left chart)
2- the invalidation level will get broken. In that case we will assume that wave 3 is extended and you can see the scenario in the right chart. the price will go up to the invalidation level and then reverse.
3- the price will climb up until the triangle gets invalidated the we will have a bullish count.
I hope I could help to give you a clear picture of what might happen next week from a scientific point of view (not a personal point of view) based on the ElliotWave theory.
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response why I think the mark has to crash:
I always confirm my wave count with fibo and RSI or DPO.
This is the daily chart:
RSI confirms the wave count and also you can see a clear divergence , suggesting end of wave 5
wave 5 looks like a proper ending diagonal as well. That is why I am still on the bearish side.
I will not Update this post as it is just educational post not a live trading one. Live wave count will be available under my previous post
hope it helped
3 thing might happen next week:
1- the invalidation level never gets hit and we will have a crazy down trend (left chart)
2- the invalidation level will get broken. In that case we will assume that wave 3 is extended and you can see the scenario in the right chart. the price will go up to the invalidation level and then reverse.
3- the price will climb up until the triangle gets invalidated the we will have a bullish count.
I hope I could help to give you a clear picture of what might happen next week from a scientific point of view (not a personal point of view) based on the ElliotWave theory.
--------------------------------------------------------
response why I think the mark has to crash:
I always confirm my wave count with fibo and RSI or DPO.
This is the daily chart:
RSI confirms the wave count and also you can see a clear divergence , suggesting end of wave 5
wave 5 looks like a proper ending diagonal as well. That is why I am still on the bearish side.
I will not Update this post as it is just educational post not a live trading one. Live wave count will be available under my previous post
hope it helped
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Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.