SP Wave 2
I've been noticing how the Correction waves seem to rest on the 40 month moving average while the impulse waves are topping out at the top of a channel. Momentun and sentiment remain extremely negative however going through the historical data, the 40 month moving average has consistently been shown to be a good point to go long.
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.