If the price action gaps or makes a huge candle surpassing the 2100 level and closing above this
the Pattern will be invalidated.. DO NOT enter for short position.
It is my belief that if this extended pattern do materialized we are looking at a very very huge fall of the SPX ..how much i dont know yet but.. a 382 fib retracement from the C leg would be a minimum area.
Everything that i said could be wrong fundamentally... everything was based solely on and what the market is telling me today...so far.. im employing what i have learned from the books of scott carney.
Read and Learn how to understand the market, make your trade your own. Eat what you hunt, Relished adversities.
There are only few of us in the world be proud. Risk On..