S&P - Shorter Term - Update
4 hour Chart
I'm looking for a move UP to begin the process of forming a "b" wave.
This should provide a decent opportunity on the long side.
Conservative approach is to confirm a move through the descending white channel.
The upper purple channel line represents a 1.618 move of the structure in the white box
Let's see how this plays out.
I'm looking for a move UP to begin the process of forming a "b" wave.
This should provide a decent opportunity on the long side.
Conservative approach is to confirm a move through the descending white channel.
The upper purple channel line represents a 1.618 move of the structure in the white box
Let's see how this plays out.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.