$SPX - Chart Link- I thought this was a great
observation by Steve mid last week, notice that pop to 4587.6,
because that move was only on 3 waves that told you the uptrend was
not over and to look at buying the next dip
right now we have 4 potential waves up off the 4537 low
no you just don't end an uptrend on 3 waves. That last low -
again it's more of a complex 1/2 - 1/2 count so overlapping the
last low doesn't mean what you think it's a different wave
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technical analysis education
Posted by matt on 3rd of Dec 2023 at 02:30 pm
$SPX - Chart Link- I thought this was a great observation by Steve mid last week, notice that pop to 4587.6, because that move was only on 3 waves that told you the uptrend was not over and to look at buying the next dip
right now we have 4 potential waves up off the 4537 low
Is wave 4 going below
Posted by raymuy on 3rd of Dec 2023 at 02:59 pm
Is wave 4 going below wave 1 ? i presume the bottom at 4537 is wave 4
no you just don't end
Posted by matt on 3rd of Dec 2023 at 03:07 pm
no you just don't end an uptrend on 3 waves. That last low - again it's more of a complex 1/2 - 1/2 count so overlapping the last low doesn't mean what you think it's a different wave