You can count this as an atypical impulse or more traditional WXY corrective structure. What I think is going on is this is likely an impulse that was morphed because of bullish/bearish factors that is why you don't see an obvious impulse in the other indices such as Nasdaq or SPX.
Since June we are making a triangle/diagonal structure with 5 waves or ABCDE with each leg having 3 waves. Once complete we should have a bullish swift retracement.
Since June we are making a triangle/diagonal structure with 5 waves or ABCDE with each leg having 3 waves. Once complete we should have a bullish swift retracement.
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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.