FX:SPX500   S&P 500 index of US listed shares
169 18 5
Getting my trade plan ready. The smaller time frame has an additional, more immediately bullish count IF upper support holds. Negative divergence on MACD has been warning a pullback is possible. No guarantee it'll be deep, although since 2193 hasn't broken there's still an outside chance of revisiting the post-BREXIT lows. I'll be entering long with stops as we go. I definitely want to be long over 2194...
Closer view showing more bullish sub-waves of the white count.
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This is as close as I'll go. Try my reviewing my Elliott Wave Fib Pinball idea if you don't understand these myriad of horizontal lines...
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but still market is on bearish mode then why u r planing to go long a that inflection point.....?
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A very bullish market is ripe for a small correction in what may be a move to 2400+. These close ups may look bearish, but the bigger picture is quite bullish in my estimation. Unless I see an impulsive bearish pattern forming and support breaking I'll keep trading for what may well be the start of a 3rd wave - the most profitable to trade. My guess is most traders will be left behind (as is the case with many 3rd waves) and ill-advised shorts will fuel the rally.
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I'm not a timing expert, and this is but one of many paths a correction can take. If you don't understand Elliott Wave Principle and Fib Pinball then definitely DON'T attempt to trade my charts. I recommend trading your own plan regardless...
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sushil6002 nick.holland78
i know very well,i'm CMT, n presently i am doing research on the theory of WD.GANN
so currently u r in long position as welll
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