AI
Wednesday, April 08, 2020 8:32:56 AM
SPY corrective AB/CD wave?
I don't do Elliot wave other than the basics that stand out to me.
Right now I can count a 5 wave down move, so in theory some form of corrective wave should happen. And as of now there stands a good chance that we are seeing an AB=CD pattern which is also forming a bear flag.
Emini futures chart looks the same. Today's set up looks a lot like the rip your face off move from March 26th.
I don't do Elliot wave other than the basics that stand out to me.
Right now I can count a 5 wave down move, so in theory some form of corrective wave should happen. And as of now there stands a good chance that we are seeing an AB=CD pattern which is also forming a bear flag.
Emini futures chart looks the same. Today's set up looks a lot like the rip your face off move from March 26th.
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