FX:SPX500   S&P 500 index of US listed shares
2940 15 27
According to this count a big ABC flat correction (a 3-3-5 structure) could be already finished.
We can see clearly an extended wave 5 complete.
If the main count is correct a big decline could start next week.
As second scenario a correction should follow to continue the uptrend (not prefered).

In any case, i will enter short here expecting a correction to previous wave 4 at least.
Best regards.
SPX almost there,a bearish BAT at 2100

Great ,I 've already setup at 2094,good luck!
Tontsake bobwff33
This is what I thought too!
Hi there, lets say iam new on this ew bisnes, but as you have draw 3 possible scenario, i am say any of those not goingto happen,
but i just would say there is at least 3 more possible scenario what can happen. As every body know we have been last year on range,
1820 last year Oct and ath ~2136 laater.. Your A can be W1 so B is then W2, so then if ~2100 would be short W3 we need w4 and ~2013.
But that would be 2 easy. (1)

So Your Extend W5 need to go at least 2136=161,8, but then we are 2 close new ATH, and it would be booring to go again down.(2)
-If we would go down, it probably would be all time best shorting place, as SL would be so close. maybe not.

Your redline down can stop somewhere on ~1836 and we could go range (3), or that can be (w2) (4)
But there is 2 more possible what can happen, friday low could be low and up we go (5), and the last one is just better scenario that last one, 6 point more low and up we go more than bigger 161,80 on those your A/B systems.. (6)

I can say your 3+6 is nine, heh maybe some of those will take place..

FullTimeTrader nitroedition
Hello, thanks for comment. We can talk about many possibilities here. This is my PREFERED scenario among many (i could be wrong off course). You can attach a chart with your prefered scenario to understand better your idea. Regards.
SwingBGtrade PRO FullTimeTrader
I don't see it that way.For now 2057(2060) is a good target.One step at a time. 
FullTimeTrader SwingBGtrade
It depends on each trader, i trade only D1 and H4 charts. If you use short-term trading strategy i think your setup looks good but does not means other strategies are wrong. Regards.
SwingBGtrade PRO FullTimeTrader
Short term pictures can complete 1h/4h/D/W.I trade from 3min to W every time frame.I respect every one opinion.
FullTimeTrader SwingBGtrade
Thats ok. Just my trading style is long term, i dont switch to very lower TF (1H at least and rarely). I you have a tested strategy switching to 3 min TF and works for you i respect. it. Good luck!
SwingBGtrade PRO FullTimeTrader
Thank you:)All the best to you.
Looks great. If this will be the case my USDCAD short is looking good?
Im about to go USDSGD short too. Are you still on that?
I like your idea. Correction down is high probability trade.
Can you do a new analysis for this again. I'm interested in your opinion
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