mikeoakster

Triangulating?

SP:SPX   S&P 500 Index
A triangle before the final 5th wave up?
Comment:
Instead of a triangle for wave iv, it now appears to me as wave iv is already done with a flat, and that now an ending diagonal is taking place, which can be seen in the 15 min and 1 hour time frames, where both RSI confirms the diagonal with bearish divergences.
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.