captain_smollett

SPX500. Possible wave structure: bulls incoming

Long
FX:SPX500   S&P 500 Index
I believe we have finally seen an impulse up on Monday and a correction to it today. Therefore, expect a Wave 5 to pick up speed and be really strong and powerful from now moving on. Target is at 2510
Comment:
ML reached, possible pullback now. Perfect to add longs
Comment:
Price has left the fork and now should head into a nesrest sliding parallel. I consider a move to 2435-2440 is possible before a final pull up
Comment:
Price trying to find support on any of the sliding parallels. Still possible to reach the Wave 5 target. All longs at breakeven now
Trade closed manually:
Left the fork. I will wait for a further pullback to see if I add longs or just keep away
Comment:
Wait until the triangle is broken and jump in!

Comment:

A perfect bull trap! Cannot say I got in because I bought low and had an option to close when market got up. But enough is enough...
Comment:

And with a Fork on it

Please, follow your strategy! Always!
If there is no strategy that has proven itself successful, please do not trade with real money!
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