ResonanceTrading
Long

SPX could be in a triangle

FX:SPX500   S&P 500 index of US listed shares
This is a small trade we're recommending because wave C has stopped at the level that wave C= 0.618 of wave A. which is the perfect point for wave D to start.

If we are correct then wave D should equal 0.618 wave B (ends around 2098).

The risk reward for this one is perfect for giving it a try.
Elliott wave analysis always provides great risk/reward ratios.

Happy trading :)
JigneshRathod
a year ago
Good analysis. Makes perfect sense.
Reply
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