SPX possible triangle progression (Elliott Wave)

2018年11月29日

The short setup suggested in the last post failed. The market moved straight up for what looks to be W.C of the suggested Triangle pattern .

As of now it looks like we are in corrective W.4 of W.(C) of this pattern.

Strategy : We wait for the completion of W.(C) to the upside in the white resistance zone . Once the same is complete we will look for reversal signs to initiate shorts.

2018年11月30日

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15 min. : W.4 either complete as a Running Flat or continuing as a Triangle, in either case expecting one leg up for W.5 and then a down move.

2018年12月3日

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1H : Sharp upmove suggesting the possibility that the upmove may be an Impulse rather then a W.C of Triangle, we need a break above 2818 for the same, untill then existing longs should book partial and trail remaining.

2018年12月4日

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15 min. : Looks like a Running Flat for W.b/ii :

2018年12月5日

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1H : Expecting move up for W.x/iv :

2018年12月6日

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4H : It seems we have just completed a W.x/b/i whichever the wave it may be a pullback is expected from here, hence longs can be added on a move outside the channel with SL a bit lower then the current swing low :

2018年12月7日

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15 min. : So far so good, looks like we have a corrective pattern to the upside :

2018年12月7日

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15 min. : Could be W.ii complete and W.iii down for impulse or a corrective continuation for W.x.