So far so good. Wave 4 went deeper than expected and ended in the extremes. C wave is untidy and difficult to read and could have truncated ending where the (2) is marked. It has now entered the failure zone 1575 - 1585 if it breaches I would expect a min of 3 = 5 =1602 or 1611(c truncation)
The alternate count indicats the start of wave c down.
The S&P Ending Diagonal theory. This chart shows the variation. The MACD and Stochastic are divergent A breakout of the flag should be short lived and I expect a severe 4th wave decline entering into the territory of wave 1 sub 1573.
So far so good.
Ok no sneaky buggers hiding. Top want 95, we got 97, the plan is unfolding as expected.
Wave A range is indicated as support in brackets on the chart, again the lower is preferred 1575. Wave C should then extend to 1559. I have adjusted the price targets lower indicating the preferred bottom.
The min expected is 1575 ( not a recommended option) then there will be a bigger possibility of wave 5 being very short only 0.6 of wave 3 and ending in truncation.
Going according to plan. Should be a rebound to 1577 - 1588 area.
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