Wave 4 is typically 14.6%, 23.6%, or 38.2% of wave 3. SPY is
already lower than the 38.2%. I'm no EW expert, but would
assume SPY needs to stay above Wave 1 high 402.49 for the count to
be valid. The gap 403.69-404.55 looks like the next most
interesting prospective bull/bear battle bounce back opportunity
zone.
Wave 4 is typically 14.6%,
SPY demand zone 404.37-401.77
Posted by te22 on 26th of Apr 2023 at 02:11 pm
nice EOD short squeeze from
Posted by te22 on 26th of Apr 2023 at 03:56 pm
nice EOD short squeeze from the gap zone