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Boon2
Nov 17, 2021 10:02 AM

SPX 500 H1 Wave C Down. Short

FX:SPX50060
S&P 500 index of US listed sharesFXCM

Description

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As explained in detail in the free weekly outlooks , check it out for the complete picture!

H1 I'm looking to sell wave C down, 1st and 2nd targets on the chart.

Good luck and trade safe!

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Enjoy!
Elliott WaveWave AnalysisChart Patterns
Comments
Boon2
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I'v moved to BE
oliverrathbun
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@Boon2, Are you ok with the five wave structure of your "b" wave? Just a thought....
Boon2
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@oliverrathbun, This turned out to be a BE trade for me, we got 3 down on m15 and that was it. My FTSE 100 D1 Longer Term View idea is going quite well with 5 down on H1, I was hoping S&P would have done the same thing. I'm still holding the ftse short just under the blue 100fib.
Boon2
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@oliverrathbun, At this point in time because the invalidation point was taken out i'm still currently looking at it as a B wave with a expanding flat in the middle. My last trade was BE as you would see from my 1st comment pic. I'm only looking for shorts still unless price action shows otherwise. I don't see a sell on it yet.
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