SPY - ending diagonal triangle forming...near completion
XLF - keeps rising but nearing fib target i believe (over 100% fib now)
VIX - test of breakdown or just follow the wave channel and continue with wave 3?
- ok...mixing elliott wave with fibonacci with old analysis and its getting confusing...
- overall, a common theme i see among the charts is the ending triangle on the 30min chart...if it breaks down, i do think that we have a chance of reversing here...especially as i am reading wave 5 in many other charts i've been looking at...
- but as i am still new to elliott waves, i am not going to trade blindly from it...healthy as we still above 30ema...thats all i can trust for now as its been tried and test
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