zhipengcfel
Long

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

FX:SPX500   S&P 500 index of US listed shares
4 months ago
SPX500             confirmed a new impulsive wave after it broke out of the consolidation area.
Will SPX500 start the impulse wave or continue correction?
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!
4 months ago
Trade active
4 months ago
Trade closed manually: It is a false break. SPX500 will have a large correction following!
4 months ago
Comment: Bull is coming back again after a quick wave c correction.
I am looking forward to hitting the TP1.
maarkoo27
4 months ago
GREAT jobb!!! is it possible for the retest of the old support around 2100 before taking off?
+1 Reply
zhipengcfel maarkoo27
4 months ago
Thanks! It will continue rallying before the large correction to pull it back to 2100 imo.
Reply
maarkoo27 zhipengcfel
4 months ago
Thanks!! appreciate you point of view..
+1 Reply
prasanro
4 months ago
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
4 months ago
Thanks!
Reply
f1l1per. PRO
4 months ago
Great job, i agree with your wave count.
+1 Reply
zhipengcfel f1l1per.
4 months ago
Thanks!
Reply
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