US500 evening analysis
US500 technical analysis:
Price action since 17 October 2024 looks choppy and consolidative.
I'm looking at the possibility of an Elliott Triangle Wave (4), and in this analysis would be wave (4) of ((5)) to complete an impulse off 5 August 2024 low.
((1))>((3))>((5)), so in this case price should not go above 6062.1.
Price action since 17 October 2024 looks choppy and consolidative.
I'm looking at the possibility of an Elliott Triangle Wave (4), and in this analysis would be wave (4) of ((5)) to complete an impulse off 5 August 2024 low.
((1))>((3))>((5)), so in this case price should not go above 6062.1.
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