FX:SPX500   S&P 500 Index
200 1 0
This is an update on my previews post about the standard and poor. As previously mentioned i was going to wait for this pair to reach the 2100 levels before going short on this pair. This was around October before the big dip reaching the bottom part of the huge trend-line. The confirmation of this bullish action was realized when the price action broke above clove above the Sept. High .. We are now only a few pips away from the target area, some call this the navy-seal crawl i think..
Caution:
If the price action gaps or makes a huge bullish candle surpassing the 2100 level and closing above this
the Pattern will be invalidated.. DO NOT enter for short position.
However:
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.
Fundamentally:
Everything that i said could be wrong fundamentally... everything was based solely on Technical analysis and what the market is telling me today...so far.. im employing what i have learned from the books of scott carney.
Advise:
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..
i trust u!
Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
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
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 Contact Support Ideas Published Followers Following Private Messages Chat Sign Out