Check the Post below with the chart showing the details.
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Observe the support structure and potentials moves.
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Premium Post: S&P 500 Index (Daily) / Elliott Wave Analysis / Check This Wedge
In the bearish scenario, we won’t moon in log but we might keep those degrees of slope instead. Indices like to do go up indefinitely, relatively slowly, until a black swan occurs. EW will help us anticipate any drop. Notice this wedge pattern, for example. The support line must not break.

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Elliott wave & Fibonacci labelling:
Common path in white, bullish count in green, bearish count in red. [/s2If]
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