no_aha

no_aha

The S&P is in its 5th wave from the high of 4327, nearing the confluence target area of 4085-4075. Ideally wait till the entire 5th wave is complete (all the subwaves) and wait for a reversal to take a low risk entry. Targets can be the mid 4200s. New idea will be updated there

no_aha

This whole rise has from 3693 low (yes, not the actual low at 3639. Refer: wave 5 truncation) has been a 3 wave move so far. Wave 1/A has been a clear 5 wave followed by an extended 3/C wave with the iii of 3 extension. The 3/C wave ended with wave 5 as an ending diagonal. Now, the fall from the absolute high of 4327 has been impulsive so far with a series of...

no_aha

Continuation of previous idea where the entire upmove is an ABC. Zoomed in picture of wave counts of the final leg, leading to initial target area of prior 4th wave i.e. 17450-17180.

no_aha

This is one of the rare case where a 3 wave move up has a C wave extension greater than the regular 1.382/1.618. In super-extended moves, we have seen C Waves extend to 2.0 and even 2.618 of wave A. What determines the future move is the speed of reversal post completion of Wave C/3. Another supporting evidence for it being a wave C and not wave 3 is that the...

no_aha

Luna 4h analysis log scale