FX:SPX500 S&P 500 index of US listed shares
I'm trying to use the ABCD Butterfly-formation ( I don't know the absolute exact use off the measure, the distance between the legs), and in combo with the small inverted HS at the bottom. I'm taking a very close look at the area 1872-1875, think it can be some resistance there...... If I get som divergence, in and and other indicator's, and some price-action that favor's to the downside, I will take a short-position around that high. Target to the downside maybe around >>> 1838..... :) Anyone else, that could think this is some good thougth's...... ?