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ResonanceTrading
Dec 9, 2015 6:56 PM

SPX could be in a triangle Long

S&P 500 index of US listed sharesFXCM

Description

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 :)
Comments
LetsBeMillionaire
Good analysis. Makes perfect sense.
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