FX:SPX500   S&P 500 index of US listed shares
4602 17 157
Looks like the correction is about over.
Check the link below see the higher time frame post .

Trade with care.
Thanks for your support.
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Boumrah
6 months ago
thinks Mr Anil,but should we wait for it to consolodate ?
Reply
Bayron2304 Boumrah
6 months ago
The consolidation has just finished
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Boumrah Bayron2304
6 months ago
but as we can see,this is a breakout,there's no consolidation here after the breakout ?
+1 Reply
Michelok PRO Boumrah
6 months ago
I would wait for it to retest the broken trendlineon 60minute and not jump the gun.I put an entry at the high of this retest-pattern to be extra sure it goes in the right direction once im in. Imo this gives a safer entry. Put Sl somewhere safe in the bigger correction e.g.
Reply
fxmoneycontrol Michelok
6 months ago
michelok can u tell me where is the exact point to entry,
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Michelok PRO fxmoneycontrol
6 months ago
Well everybody does it different i guess. But my current approach with following this trade-setups is like this:
snapshot
This way you have more confidence you get in the right trades imo and not get stuck in a bulltrap. But nothing is 100% assured in trading. This the SPY symbol btw, since i dont have data on lower timeframe with SPX500. But you can follow this approach with patterns on SPX500 of course.
+1 Reply
Lindsay PRO
6 months ago
Yes it is in a good spot now. I will watch it closer waiting to get in. Thanks Anil.
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fxmoneycontrol
6 months ago
can u tell me exact entry point
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anilmangal TOP fxmoneycontrol
6 months ago
If you don't have your own strategy to trade it then don't!.
+1 Reply
LolliPip
6 months ago
Keeping an eye on this one! Thanks Anil :)
Reply
RationalTrader
6 months ago
No buy setup here before a weekly close above all time high 2100 level. And I know the market. The zone between Anil's top channel line and 2100 is dead man's zone. Take a look at what happened 20th of April 2016, last time price managed to get one single day close above 2100.
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compdude PRO
6 months ago
Thanks!
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sonatine185
6 months ago
I believe in you! I'm going all in baby!
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TheBanker PRO
6 months ago
lovely mr anil
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forexbinarybonus
6 months ago
Super entry
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papadnoos PRO
6 months ago
Do you agree, sir Anil ?
snapshot
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tushargupta1991
6 months ago
There is RSI diversion between the tops. Couldn't the wave 2 be expanded flat? Thus, a new local low would be made following a wave 3 rise..
Reply
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