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BlueCao
9 May 2018 20:58

SPY has a double Elliott Wave to retest the triangle ceiling Alış

SPDR S&P 500 ETF TRUSTArca

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Do you think it will reach $272?
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TradingStatistics
Nice setup
lisacui
wave 3 is supposed to be the longer wave. If wave 5 gets to 272, this wave will be longer than wave 3, so it's not very likely.
DigitalMoneyTraders
@lisacui, Not to nerd out or hate- we are all learning..but wave 3 doesn't HAVE to be the longest, just never the shortest.
"Wave 3 is never the shortest wave." p. 86 Elliot Wave Principle by Frost and Prechter
lisacui
@DigitalMoneyTraders, thanks for tip. Appreciate the feedback.
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