US500- Get Ready-Thrust Upside Can Lead to Wave 3 Downside

For Educational Purpose

Last Price- 3480 / 20:29 Hrs IST (Indian Standard Time) / 19th Oct2020


Wave (iv)- Penultimate wave -unfolding as a triangle then next wave should be the final thrust upside - only criteria is top @3588 should not be crossed for current wave count to be a valid count

Expecting
One push upside close to 3550/3570 to finish wave-(v) ( Crossing above 3506 highs)
Once wave-(v) done & holds below 3588 highs then we expect larger degree Wave-3 to unfold below 3588 tops

Wave 3 should travel 161% of Wave 1 distance downside giving us minimum target 3100 / 2950 later

Trade active:

Not overlapping 3398 -suggest that wave 5 is pending upside

or

Any move below 3398 levels will indicate 3550 was the top for wave sequence