Falling Wedge Breakout Long

FX:SPX500240

S&P 500 index of US listed sharesFXCM

Description

⋅ May 7, 2016 4:57 PM

SPX500 targets 2100

Comment

⋅ May 14, 2016 8:44 PM

Next week should be bullish forming wave C.

Trade closed: target reached

⋅ May 26, 2016 8:24 AM

Done.

SPX (S&P 500 Index)S&P 500 (SPX500)index Indices USD Stocks shares options Gold Silver Oil

Comments

Incogniteaux

⋅ May 7, 2016 5:07 PM

You took two parallel lines from a channel and ignored the lower candles to make a wedge! What are you looking at??

Bandarsq

⋅ May 7, 2016 9:37 PM

I use Elliott Waves analysis. That's not only a falling wedge but also an Ending Diagonal C wave.

Nice Chart you have. Monday it will test that blue downtrend.

Incogniteaux

⋅ May 7, 2016 9:46 PM

On that I think you might be right. Canada is going to force oil up and may lift the markets to the 2084 area

julia17

⋅ May 26, 2016 8:56 AM

good trade!

Bandarsq

⋅ May 28, 2016 12:18 PM

Thanks. Cheers!

fx88ken

⋅ May 8, 2016 2:05 PM

You will succeed, I agree with you.You and I have the same idea.

Bandarsq

⋅ May 8, 2016 5:20 PM

I hope so. Thank you.
Once it reaches about 2100 then it might go down to form Y and break 2035.