GioThaKingo

SP 500 Updated #1 Alternate

CME_MINI:ES1!   S&P 500 E-미니 선물
SP 500 EW Alternate Count #1 :

Contracting Triangle

Target : Green Square

Personality: It does meet the right Trait of Continued Low Volatility and Volume. (RSI Still confirms of a "Contracting Triangle".

Confluence : Pitchfork , Channel Top Parallel of AH correction , Pivots , Developing POC , Fibonacci

Feedback : You would want "Guideline" wise for the "C-Wave" to meet at least 55% of the "B wave"
if it doesn't I would more likely dismiss it being a triangle if it breaks the "B wave" Pivot before then.

Other Invalidation : Break of "Red Dashed Line"
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