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
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.