FullTimeTrader
Short

SPX500-bearish shark at key level

FX:SPX500   S&P 500 Index
1694 views
17
1694 12
We can see on W1 chart:

- first lower low (price should continue the decline)
- 0.61 fib retracement as resistance
- strong structure as resistance

Here on this chart:
- ema 200 as resistance
- bearish shark already triggered
- from EW perspective price is forming a corrective structure, possibly wave 4

I would enter short now expecting price will fail to hold above 2.000 (my broker does not have it!!, will change it soon)

Best regards.
-
when everyone is short, stay long. simple
Reply
FullTimeTrader kemal.erdog
Hello, can you share a CHART with your prefered idea and projections? may be you have a better setup. Trading is not about talking AFTER but before the market moves. Regards.
+1 Reply
IvanLabrie FullTimeTrader
True. The wise guys always show up after the fact.
Reply
kemal.erdog FullTimeTrader
it will be better to be silent rather than %100 wrong predictions everytime... regardss!!!!!!!
Reply
IvanLabrie kemal.erdog
Actually, it is better to attempt to capture moves to make money, than being right or wrong.
If you did your due diligence, tested your strategy, found one that suits your personality and needs and be disciplined and followed your rules, then there's no mistake, even if you lose.
The mistake lies in not having rules...Bragging about picking turns doesn't pay bills. Speaking after the fact either.
Reply
kemal.erdog IvanLabrie
hi all, i guess you misunderstood me, in my first comment i just told my opinion. it is " when everyone is short, stay long" this is just an opinion and we all respect opinions. i guess you are offended with my opinion. no one needs to get angry. it was not my intension to make people angry here. opinions are opinion. i respect your opinions.
Reply
IvanLabrie kemal.erdog
Yes, but it came out as arrogand or as mockery to the poster here.
That was the problem with it. This has been a losing trade, it's emotionally hard to take losses, and add to it mockery...no fun.
Trading is hard!
+2 Reply
webmiztriz FullTimeTrader
hi FTF .. did the count change or is it just extending? thank u.
Reply
excellent diagnosis. up-trend line being tested.
Reply
Agree totally but the problem is the entries. Yesterday's rallly was vicious, going straight up like a rocket only to tank and break lower. This intraday action confirms bigger picture.
Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out