WYZ pattern unfolding? The decline off the highs in December consists of a complex series of 3 wave moves. I'm expecting another series of three waves to a final low for this bear run.
Where will this take us? God only knows although this presupposed decline will likely be larger than the first two. For now I'm labeling the target zone at the 1:1 Fib ratio of wave Y.
Time for this decline accuracy is not taken into account by the line drawn to the buy zone. I hope I'm wrong about this but with the world as worked up as it is would it surprise you?
A move beyond 4260 will negate this trade for me.
Where will this take us? God only knows although this presupposed decline will likely be larger than the first two. For now I'm labeling the target zone at the 1:1 Fib ratio of wave Y.
Time for this decline accuracy is not taken into account by the line drawn to the buy zone. I hope I'm wrong about this but with the world as worked up as it is would it surprise you?
A move beyond 4260 will negate this trade for me.
Nota
ES Hourly.. So far pitchfork has contained the advanceNota
The white box is a potential termination of the proposed X wave before the Z wave to follow. This area contains a fib cluster and and the 1.5 & 1.75 tines of the pitchfork. A move above the tines would negate the WYZ pattern in my opinion. Nota
Nota
Market poised to hit the fib cluster outlined in Red Box. Let it come to you and confirm a topping action. Nota
Bearish Star Appears @ the Fib Cluster.... Topping Action Beginning?Nota
S&P intra-day from 8-11
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Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.