Today SPX completed its recovery(xx) after its wave 'Y', note that it has not penetrated inside wave 'W' territory.
wave 'Y' extended beyond 1.62% of wave 'W',
Hence as per EW rule one more wave 'Z' to unfold which has a definite relationship (between 62% or 162%)of wave 'W'.
Lets open our shorts,keeping stop loss 4582
Trading with minimum stop loss, conserve our capital in case of extension of wave 'xx'
wave 'Y' extended beyond 1.62% of wave 'W',
Hence as per EW rule one more wave 'Z' to unfold which has a definite relationship (between 62% or 162%)of wave 'W'.
Lets open our shorts,keeping stop loss 4582
Trading with minimum stop loss, conserve our capital in case of extension of wave 'xx'
Trade active:
Trade active:
Comment:
today SPX will hit the base (53) @ 4355 and bounce up to 4446 for (54)
Trade active:
Trade active:
wave 52 will reach upto wave 51, its good to sell longs there ,but wait for shorts @4585
Trade active:
Trade active:
Trade active:
Trade active:
Trade active:
I have not followed any machine data, street data, momentum, sma, ema, RSI, macd, then what has given me the confidence?
EW
EW
Trade active:
wave 5/3 finished with a confirmation of trend reversal, now the final reaction wave 5/4 is going up for 2 days
Comment:
Trade active:
Comment:
4475(50%) to retrace for bullish bias
Trade active:
Trade closed manually:
Comment:
with more than 3 positive bias the shorting idea is clossed today 17/02/22, depending upon friday's(18/02)trade next action will be updated,
25% probablity of downside is possible tom if the low,4365 breached
Happy trading
25% probablity of downside is possible tom if the low,4365 breached
Happy trading
Comment:
SELL below 4400 on closing
Trade active:
ODDS increased , support 4400 on daily closing failed ,
hence my trade is active now
hence my trade is active now
Comment:
Comment:
Comment:
momentum candle shows downside
Trade closed: target reached:
Comment:
if the first target of 5th wave 4255 is not reached today then , s&p500 will extend its recovery wave of 5/2 till 10 th march, forget ukraine for 2 weeks
Comment:
with this I close the short trade idea , the index needs more time to come down, by the way we can switch to longs for 2 weeks
Comment:
everyone knew that market is bearish , but there is no evidence in price action, a controlled selling at 5th wave will become a bear trap
Comment:
Comment:
buy calls for this week only