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.
bobwff33
a year ago
SPX almost there,a bearish BAT at 2100

Great ,I 've already setup at 2094,good luck!
Reply
Tontsake bobwff33
a year ago
This is what I thought too!
Reply
muslim_islam14
a year ago
http://00-up.com/do.php?imgf=1446298199831.jpg
Reply
nitroedition
a year ago
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..

-nitroedition-
Reply
FullTimeTrader nitroedition
a year ago
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.
Reply
SwingBGtrade PRO FullTimeTrader
a year ago
snapshot
Reply
I don't see it that way.For now 2057(2060) is a good target.One step at a time. 
Reply
FullTimeTrader SwingBGtrade
a year ago
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.
Reply
SwingBGtrade PRO FullTimeTrader
a year ago
Short term pictures can complete 1h/4h/D/W.I trade from 3min to W every time frame.I respect every one opinion.
Reply
FullTimeTrader SwingBGtrade
a year ago
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!
Reply
SwingBGtrade PRO FullTimeTrader
a year ago
Thank you:)All the best to you.
Reply
snapshot
Reply
teddyrucks
a year ago
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?
Reply
Tontsake
a year ago
I like your idea. Correction down is high probability trade.
Reply
mrvopni
8 months ago
Can you do a new analysis for this again. I'm interested in your opinion
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out