hankchef

Broken Bearish Gartely Pattern

Long
SP:SPX   S&P 500 Index
Hello, reader. The Bearish Gartely pattern is broken and SPX is back to bullish territory.
I'm not an expert on Elliot Wave, but clearly the price is following a wave 3 extension, and seems it needs a very small correction(to D) and continue its' up trend to complete wave 3. Then wave 5 is going to retest previous high around 2872.

Disclaimer

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.