Not sure if this would be considered an elliot wave, but the spy has seen numerous h/s patterns executed on various time scales since this run up in 2020 i believe. this one here is actually on the daily timeframe and it is the right shoulder to the larger h/s on the weekly/monthly timeframe; the neckline on the monthly is the red line below. im not going over all the targets on here, just know the white dashed lines are my bull/bear takeovers, blue lines are call targets, yellow lines are put targets, red line is the danger zone, and orange lines are trend lines. Green lines are not on this chart but that is the safe zone.
NOT FINANCIAL ADVICE. INVEST WISELY. INVEST IN YOURSELF. DYOR!
SPY
NOT FINANCIAL ADVICE. INVEST WISELY. INVEST IN YOURSELF. DYOR!
SPY