Looking for the turning point S&P500
After reaching the proposed target of 4100 it is time for looking for the turning point.
I cleared and adjusted my charting a bit:
RENKO indikates a turning point at approx. 4180. We can see on the weekly bars chart a 5 leg down movement followed a small zig-zag, which finished at approx. 4200. We can expect another 5 legs down series as we are in a bear market. The first lower turning point in the up-coming down cycle could be expected at around August 9.
I cleared and adjusted my charting a bit:
RENKO indikates a turning point at approx. 4180. We can see on the weekly bars chart a 5 leg down movement followed a small zig-zag, which finished at approx. 4200. We can expect another 5 legs down series as we are in a bear market. The first lower turning point in the up-coming down cycle could be expected at around August 9.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.