SPX Triple Combination COROMADNESS a.k.a COROMANIA Long Entry!
A Triple Zigzag or combination as what we are seeing in the S&P will usually channel far too well to be considered an Impulse pattern.
The declining waves are too similar in price and time coverage, which is mandatory for Impulsive activity.
This triple combination pullback indiacte weakness, although does not present an Impulsable pattern, we have MUST hold above the 61.8% for this roller coaster triangulation pattern to remain valid for the rest of 2020. Plotting the future course of the U.S Stock Market
The declining waves are too similar in price and time coverage, which is mandatory for Impulsive activity.
This triple combination pullback indiacte weakness, although does not present an Impulsable pattern, we have MUST hold above the 61.8% for this roller coaster triangulation pattern to remain valid for the rest of 2020. Plotting the future course of the U.S Stock Market