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sciencei
Apr 24, 2018 7:05 PM

1:3 Risk / Reward in S&P 500 Long

S&P 500SP

Description

The Elliott Wave count for the two most probable wave structures terminates either here or a few points below here.

We are dealing here most probably either with a triangle or with a complex double three correction.

That's a BTFD!

S/L : Early Feb. low
Targeting all-time highs.

Good luck on this one!

Trade closed: target reached

The move is fading. Overall, the S&P will most likely resolve to the upside. However, the imminent risk is on the downside now. The structure may extend to the downside. We therefore close this trade here with a nice profit.
+4.3%
Comments
PowerOfCapital
can't disagree.
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