Analyticssage

Analyticssage

if the invalidation level gets hit then the uptrend scenario is not valid anymore

Analyticssage

Both scenarios in one chart

Analyticssage

I seems that we are at the end of wave B and we will have a new down tend

Analyticssage

with the current sell of the previous scenario is invalidated. previously I was thinking that the current impulsive wave is the 3rd wave. the drop has invalidated this case as wave 4 has broken the wave 1 level so we have to rename the wave. I still don't see a bearish scenario so the only possibility is that we are the wave 2 of a 1-2-1-2 structure the possible...

Analyticssage

you can find both scenarios here

Analyticssage

this is the 8h analysis of my previous weekly chart

Analyticssage

You can see the complete wave analysis of S&P 500 recent crash and pullback. All the structures have been confirmed using fibo rations as can be seen in the chart. my opinion is that the current uptrend is a 1-2-1-2 structure, we are at the end of the correction level for the last second wave and after that we will see a wave 3/3. that should scream!