S&P 500 "Elliot Wave Analysis"

S&P 500 "Elliot Wave Analysis"

Elliot Wave : 5 Wave Pattern

  • Wave 1,3 and 5 Effect direction of market


  • Wave 2 and 5 are counter move to Wave 1,3 and 5


  • Wave 2 never strike below Wave 1


  • Wave 3 is never the shortest


  • Wave 4 never enter Wave 1



Elliot Wave : Wave Structure

  • Wave structure takes place in two distinctive phases


  • The first phase is the Five Wave Structure know as Motive Waves


  • The second phase is the Three Wave Structure know as Corrective Wave


  • Motive and Corrective Wave together form the completed wave cycle of Eight Waves


Motive Wave : The below chart of S&P 500 has completed the 5 Wave structure

snapshot

Corrective Wave : The below chart of S&P 500 has been started to form 3 Wave structure

snapshot

Based on the wave analysis, we expect the S&P price to fall to $4105.

Happy Trading $$$$





Chart PatternselliotwavesanalysisTrend AnalysisWave Analysis

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