SP 500 flat pattern X wave or follow the Y wave completion
Hello traders, good night
SP 500 is in a big corrective pattern
First scenario: And it resembles a double zigzag structure and it seems that the X-wave forms a flat pattern.
Second scenario: Wave Y has executed the first zigzag and between 50 and 78.6% retracement enters the final movement to complete the double zigzag pattern.
Good luck and be patient in your transactions
SP 500 is in a big corrective pattern
First scenario: And it resembles a double zigzag structure and it seems that the X-wave forms a flat pattern.
Second scenario: Wave Y has executed the first zigzag and between 50 and 78.6% retracement enters the final movement to complete the double zigzag pattern.
Good luck and be patient in your transactions
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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.