Our ABCD tool has provided some very tight potential PRZs for SPY in the days/weeks ahead.
By focusing on 2 key ABCDs currently in play, we have some insights as to where price may
turn should they be reached. I have added BC extensions (larger ABCD) for confluence.
NOTE: Please notice that the AC measure on the larger ABCD is .618. This could come into
play for a possible bearish Cypher/Shark depending upon the extent of the lower low in progress.
Basis SPY, it would appear the 247 area should be key assuming it is reached. I could envision it being
the end of a C wave or 3, with either an outright reversal or bounce for a w4. These are a couple
of possible outcomes.
By focusing on 2 key ABCDs currently in play, we have some insights as to where price may
turn should they be reached. I have added BC extensions (larger ABCD) for confluence.
NOTE: Please notice that the AC measure on the larger ABCD is .618. This could come into
play for a possible bearish Cypher/Shark depending upon the extent of the lower low in progress.
Basis SPY, it would appear the 247 area should be key assuming it is reached. I could envision it being
the end of a C wave or 3, with either an outright reversal or bounce for a w4. These are a couple
of possible outcomes.
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免責事項
これらの情報および投稿は、TradingViewが提供または保証する金融、投資、取引、またはその他の種類のアドバイスや推奨を意図したものではなく、またそのようなものでもありません。詳しくは利用規約をご覧ください。