If the markets are about to continue going down, here is a possible scenario.
Using Elliott wave, this would be the simplest target, a basic ABC corrective wave.
We haven't finished the end of the B wave, so this projection is a bit premature. The target and channel is just a guess for now, I will update once we start to see a more complete B wave, but I can't see it going up much longer.
Also notice, the bottom of this C projection is at an interesting level, its the previous two tops of the SPY.
I have seen counts online that this is indeed the start of a larger impulse wave, that would bring us down even more, so this would make this a conservative estimate in comparison!! Ill stick with this target for now.
Using Elliott wave, this would be the simplest target, a basic ABC corrective wave.
We haven't finished the end of the B wave, so this projection is a bit premature. The target and channel is just a guess for now, I will update once we start to see a more complete B wave, but I can't see it going up much longer.
Also notice, the bottom of this C projection is at an interesting level, its the previous two tops of the SPY.
I have seen counts online that this is indeed the start of a larger impulse wave, that would bring us down even more, so this would make this a conservative estimate in comparison!! Ill stick with this target for now.
노트
Heres a picture of the level when zoomed out to monthly chart:
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.