SPX - A NEW BULL RALLY INCOMING ??
Updated
Hey traders,
Looking at the chart thanks to the Elliott Waves analysis, I am able to have one of my plan to find a bullish rally in this bear market.
It has a lot of probability that it will arrive in order to do the orange X of the WXY of the blue Y.
It will be done when the orange W will touch the 50% of Fibonnacci retracement of the entire bullish trend from the march 2020.
The objectives are therefore:
1/ 3530-3480 (most probable before a massive bounce)
2/ 3442-3387
3/ 3322-3272
4/ 3230-3185
In my opinion, it is therefore possible that we will be ending this year on this bull rally, before dropping for the orange Y in the first months of 2023.
.
.
BTW, I am selling a PDF , regrouping all the knowledge I have found on Elliott Waves , from the greatest analysts books, into a clear, simple and explicative way,
Contact me in private, or in comment if you don't have enough reputation point if you are interested
.
.
Don't hesitate to comment and check my other idea
Looking at the chart thanks to the Elliott Waves analysis, I am able to have one of my plan to find a bullish rally in this bear market.
It has a lot of probability that it will arrive in order to do the orange X of the WXY of the blue Y.
It will be done when the orange W will touch the 50% of Fibonnacci retracement of the entire bullish trend from the march 2020.
The objectives are therefore:
1/ 3530-3480 (most probable before a massive bounce)
2/ 3442-3387
3/ 3322-3272
4/ 3230-3185
In my opinion, it is therefore possible that we will be ending this year on this bull rally, before dropping for the orange Y in the first months of 2023.
.
.
BTW, I am selling a PDF , regrouping all the knowledge I have found on Elliott Waves , from the greatest analysts books, into a clear, simple and explicative way,
Contact me in private, or in comment if you don't have enough reputation point if you are interested
.
.
Don't hesitate to comment and check my other idea
Note
Bounced beautifully
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