Loading ...1867 SPX might have been the low to be followed by a 5th wave up to 2200+…
before a larger correction in October-December…”If we take the minimum Primary V target of SPX 2214-2219 it is possible this bull market could complete during one uptrend and this year”…Another possible scenario.
As posted earlier 1867 needs to breach for confirmation of down trend…
For your blue line the wick of the candle with the full body on some candles… just wondering if that still makes the TL valid? Appreciate your charts nonetheless, thanks
Some say the body only; however, from what I have read just though a “consistent” technique is used on the trend line. This trend line incorporates 6 contacts with a wick and the other candle bodies are hit precisely. Plus, 1867-69 is a horizontal pivot.