11021992
Short

SP500 bearish move based on AB=CD pattern with fib

TVC:SPX   S&P 500
Hi traders,

On the S&P500             I found this AB=CD pattern that lines up with the 1.272 Fibonacci extension of the recent swing upwards, that was initiated on my birthday.
Entry: 2189.8
Stop: 2207.6
Target: 2136.5 = R:RR 2.99

Note: Just an idea, not trading this.
Best of luck! Updates will follow.
Trade active
Comment: Adjusting target to 2150 based on the structure. This means the R:RR changes to around 2.00
Trade closed: target reached: Took a while, but we finally got there.
Analysing the EUR/USD and GBP/USD for this week at https://youtu.be/gUqlA8uSWzY

Interested in learning about harmonic patterns? PM me :)

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