Good evening traders
we have successfully called the direction correctly as per our previous analysis and right now we might have some insight as to where we are headed next
we see price consolidation tightly between 3111-3117 over the next 4-6 hours
we expecting a price correction to around 3083.60 - 3090 - 3092.88 by early tomorrow morning - 2nd july 2020
once price has corrected
we expect a bounce back up and a further retest of 3125.5 area and a short squeeze to around 3130-3140 price levels
should price find acceptance above these levels price will then proceed higher
our primary targets are illustrated on this chart
we have our eyes set on 3190 area
we have an experimental target of 3191.xx it is on our chart
should price continue to head in the northerly direction
we note that there are 2 more SPY gaps around 328x.xx and 33xx area
we will be updating our analysis to include these ranges IF a probability calls for them
remember to obey position sizing and risk management
always use stop losses.
if this helped you... kindly click on the like and follow button
cheers to the gains to come
Happy Wednesday and happy trading
best regards
Alpha Capital Wealth Team
we have successfully called the direction correctly as per our previous analysis and right now we might have some insight as to where we are headed next
we see price consolidation tightly between 3111-3117 over the next 4-6 hours
we expecting a price correction to around 3083.60 - 3090 - 3092.88 by early tomorrow morning - 2nd july 2020
once price has corrected
we expect a bounce back up and a further retest of 3125.5 area and a short squeeze to around 3130-3140 price levels
should price find acceptance above these levels price will then proceed higher
our primary targets are illustrated on this chart
we have our eyes set on 3190 area
we have an experimental target of 3191.xx it is on our chart
should price continue to head in the northerly direction
we note that there are 2 more SPY gaps around 328x.xx and 33xx area
we will be updating our analysis to include these ranges IF a probability calls for them
remember to obey position sizing and risk management
always use stop losses.
if this helped you... kindly click on the like and follow button
cheers to the gains to come
Happy Wednesday and happy trading
best regards
Alpha Capital Wealth Team
Trade active:
Trade closed: target reached:
3140 area targets
expecting a retace of price to around the 3120-3125 area
possible stop run to 3090-3105.10
expecting a retace of price to around the 3120-3125 area
possible stop run to 3090-3105.10
