Hello traders, S&P 500 in daily timeframe , this analysis has been prepared in daily timeframe but has been published for a better view in 2 day timeframe. In this index, the main waves 1, 2 and 3 are formed and wave 4 has started its corrective movement by breaking the line. Wave 4 is initially its trend and it is not possible to say what structure is formed. Compared to the main wave 2, it will have a deep and long process. Given its current motion, we considered several ranges to determine the type of correction. If the black trend line, the red circle, is broken down, wave a is probably made up of zigzags and then a sideways trend is formed for wave b (so this structure is zigzag). But if there is a correction and an ascent and then a sideways trend and finally a re-ascent, it can be said that it was a triangle correction. 🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏 ❤️Please, support this idea with a like and comment!❤️
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Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.