zhipengcfel
Long

Elliott wave analysis on SPX500 (2016-07-30)

FX:SPX500   S&P 500 index of US listed shares
SPX500             confirmed a new impulsive wave after it broke out of the consolidation area.
It was in a small flat correction for the last eight trading days. If it breaks out of the flat correction area, it will go up furtherer.
I will go long if it breaks out this area with SL at 2160.6
TP1: 2214.7
TP2: 2260.2
TP3: 2325.5

Good luck for everyone!
Trade active
Trade closed manually: It is a false break. SPX500 will have a large correction following!
Comment: Bull is coming back again after a quick wave c correction.
I am looking forward to hitting the TP1.
Great job, i agree with your wave count.
+1 Reply
zhipengcfel f1l1per.
Thanks!
Reply
elliot wave labellimg is 100% perfect as it match with my wave count and future prediction is in line with me also
+1 Reply
zhipengcfel prasanro
Thanks!
Reply
GREAT jobb!!! is it possible for the retest of the old support around 2100 before taking off?
+1 Reply
zhipengcfel maarkoo27
Thanks! It will continue rallying before the large correction to pull it back to 2100 imo.
Reply
maarkoo27 zhipengcfel
Thanks!! appreciate you point of view..
+1 Reply
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
ประเทศไทย
Việt Nam
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder 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 Priority Support Contact Support Ideas Published Followers Following Private Messages Chat Sign Out