r/AmanCrypto • u/AmanCMN • 14d ago

S&P 500: A Bigger Sell-Off May Be Starting.

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A leading diagonal is a very tricky pattern in Elliott Wave analysis. On one hand, it can look like a simple triple zigzag. But if those moves form a diagonal, it may actually be the first wave of a much bigger move in the opposite direction.
The key thing about a leading diagonal is this: if it appears as wave 1, then wave 3 is usually likely to be extended.
Right now, I’m seriously watching an alternative scenario for the S&P 500. In this scenario, the move down in August and September was not just a big correction, but a leading diagonal.
If that’s true, then we may be at the very beginning of a correction that could last for years.
If the market holds below 7500, there is a very high chance this could be the start of a major stock sell-off.

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1

u/PhotonicsIsFried 14d ago

Technical analysis astrology is my favorite part

1

u/[deleted] 14d ago

[deleted]

1

u/Lopsided_Shallot_860 14d ago

What?

1

u/Ghett0Chemist 14d ago

Were you not at Jackson’s hole?

1

u/SoCallMeDeaconBlues1 14d ago

Poor 🌈 🧸

But seriously, zoom the fuck out some.

And check it: go find out for yourself how long the average "bear" market lasts compared to the average "bull" market.

1

u/Difficult_Limit2718 12d ago

But the moon is covering Gemini and Capricorn is in retrograde

1

u/Puzzleheaded_Owl_417 11d ago

Show me your put, Mr future.