S&P 500 day trading, rare diverging wedge, aug 13 live trade room
S&P 500 day trading course, we can see an Elliot wave approaching a bearish trendline in a bear channel (S&P 500 emini futures coach) Joel Wissing shows how
these patterns could play out.
using fibs butterfly w reversal
Focusing on the volume pattern and the wide ranging bars on the top side consolidation in the blue ellipse.
If we break through here taking this to 1044 area, then the 1st leg down could be to 830 area unless the retracement is to the 76.4 which would be again around 790.
If 5 extends to a 100% extension of the first leg then we are looking for 1140 as a high.
Doubt it.
865 – 75 would be a major area of support on the way down and could see a week of consolidation before continuing.
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