SPY scenario worth looking into.
5 Wave move from market top as an Expanding Diagonal for Wave A
3 Wave Counter-trend move - currently in Wave C of Wave B of a higher degree
Pullback into Golden Zone (50, 61.8, and 78.6% retracement)
A=C leg @ 450 level for Wave B
5 Wave Drop - ZIGZAG Correction Complete
5 Wave move from market top as an Expanding Diagonal for Wave A
3 Wave Counter-trend move - currently in Wave C of Wave B of a higher degree
Pullback into Golden Zone (50, 61.8, and 78.6% retracement)
A=C leg @ 450 level for Wave B
5 Wave Drop - ZIGZAG Correction Complete
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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.