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pixi
Oct 23, 2015 8:13 PM

Gartley Bearish SP500 Short

S&P 500 index of US listed sharesFXCM

Description

After a complete butterfly bearish on higher Time Frame (see related ideas below), Price confirm the reversal with a gartley bearish.

The PRZ (Potential Reversal Zone) is between 2070 and 2083). Price retest the previous structure and a large supply zone.

We can see also a nice throwback below the mid term uptrend channel.


Trade active

Comment

Take profit 50% lot at 1883

Comment

Rest stop at 2023$
Comments
pixi
insanewaynebow
Pixibug, what indicators tell you 1,776.8 is the next support level?
pixi
It's only a price projection with an AB=CD correction. Not available in this chart, but the AB leg is (5)(A) leg and CD leg is (B)(C)
pixi
muslim_islam14
pixi
Have a similar count but from bottom>bottom to bottom>high
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