# SPY CRASH WAVE 3 POSSIBLE SOON

> SPY may drop 1.618x its peak as Wave 3 crash approaches.
- Title: SPY CRASH WAVE 3 POSSIBLE SOON · TradingView | Shortify
- Summary: SPY may drop 1.618x its peak as Wave 3 crash approaches. SPY could fall 1.618 times its peak price if Wave 3 of a crash pattern begins.
- Keywords: spy, crash wave, spdr s&p 500 etf trust, wave principle, fibonacci retracement, 1.618 fib extension, business, finance, CRASH, WAVE, POSSIBLE, SOON
- Source: TradingView — https://tradingview.com/chart/SPY/Ms3pWqou-SPY-CRASH-WAVE-3-POSSIBLE-SOON
- Published: 2026-10-28T20:52:49+00:00
- Read time: 1 min
- Topics: spy, crash wave, spdr s&p 500 etf trust, wave principle, fibonacci retracement, 1.618 fib extension, business, finance
## SPY CRASH WAVE 3 POSSIBLE SOON
SPY topped in an ending diagonal earlier this month with 5 waves down followed by 3 waves up.

> SPY high-fived the .618 fibonacci retracement off Wave 1
## Wave 3 down target
Wave 3 down may target 1.618x SPY's peak price as per Wave Principle.
## Rally exhaustion
Rally exhaustion could happen soon if SPY's charted pattern is correct.
## Key takeaway

SPY could fall 1.618 times its peak price if Wave 3 of a crash pattern begins.