US30,S&P500 Elliott wave Analysis - 5th Oct

US500 15 Min : 

As discussed, S&P500 ABC correction after Motive waves 

Flat Correction as ABC is going to unfolding.

A wave is completed @ 3309 which is 2nd wave of prior to lower degree.

B wave forecast 50-61.8% retracement of A wave nearly 3363-3377

C wave will forecast after completion of B wave end.

Now,

S&P500 Elliott wave analysis

We can see after five impulse wave ABC correction is going to unfold.

Sub waves of (B) wave as abc and the c wave is Fibonacci extension 161.8% of a wave and another confirmation (B) wave if Fibonacci retracement 78.6% of (A) wave.

So we confirmed as (B) wave completed @ 3378 and (C) wave progession is started.

(C) wave will be unfolding as five-wave as 12345. Expecting whole five-wave retracement will be 50-61.8% correction and will be completed between 3300-3281

US30 : 

US30 elliottwave analysis


US30 is similar to US500. self-explanatory Chart.


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