SPX (Part 3)
Finally, we’ve got our Minor 4.
Anyway, if you look at the chart, it also could be a “Minute” abc corrective pattern (c=Impulse wave), instead of an “Minute” wxy (Y=corrective wave. Next step could be, the approach to the horizontal magenta resistance line.
Scenario 1: Breakthrough!
Scenario 2: Pullback with a 2nd shoulder (Takes more than a day!)
Good run so far!
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