S&P500, next 3 possible scenarios after 1st SELL TP
🔄 Update: Exactly as forecasted, the sell hit its target (390 pips) 😁👍
The second sell also as forecasted before is in the order, (in a lower time frame 1H I can see a small flag forming) but it still doesn't fulfill my requirements to take the sell.
So I have 3 ideas at this moment which depicted on the chart, based on likeliness.
1. A continuation of the sharp down move: To the 61.8% retracement which is happened to be 61.8% expansion area of the current bear move (check the first image below 👇)
2. A longer-term consolidation in the current range
3. A sharp impulse up
💬 Please let me know your perspective on this
Happy Trading & stay green! ✌️
➖➖➖➖➖➖➖➖➖➖➖➖➖
🔗 Check out the "Related ideas..." in the links below too
➖➖➖➖➖➖➖➖➖➖➖➖➖
📌 Kindly note that Forexian is not a signal provider. The published idea is ONLY our views and analysis of the market!
Forexian does not take any responsibility for your decisions and/or trades.
The second sell also as forecasted before is in the order, (in a lower time frame 1H I can see a small flag forming) but it still doesn't fulfill my requirements to take the sell.
So I have 3 ideas at this moment which depicted on the chart, based on likeliness.
1. A continuation of the sharp down move: To the 61.8% retracement which is happened to be 61.8% expansion area of the current bear move (check the first image below 👇)
2. A longer-term consolidation in the current range
3. A sharp impulse up
💬 Please let me know your perspective on this
Happy Trading & stay green! ✌️
➖➖➖➖➖➖➖➖➖➖➖➖➖
🔗 Check out the "Related ideas..." in the links below too
➖➖➖➖➖➖➖➖➖➖➖➖➖
📌 Kindly note that Forexian is not a signal provider. The published idea is ONLY our views and analysis of the market!
Forexian does not take any responsibility for your decisions and/or trades.
Comment:
Shown on the chart:
Comment:
1H clearer view:
Trade closed: target reached:
Just hit the target after the 15 min halt
