harmonic pattern time, let's watch spx500 index ,there is a potential Gartley and a AB=CD pattern complete at 2160 area . i will plan a short trade here.
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ok ,the rising energy is becoming weak , wait for the second time to hit the 2157 area.
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the sell plan updated yesterday actived ,shorted at 2145 (the pullback price) ,there are two tps.
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look at the daily chart ,something changed.
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hold on this trade ,guy.
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2133 need a quickly drop down to breakout here.
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meet the support level again.
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2124 now. tp1 reached ,focus on tp2 at 2117.
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a potential bat pattern complete at 2117.
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sell the pullback at 2132 ,i will plan a short trade here. the target will be at a potential bat pattern and previous structure support level at 2117 .
Trade active
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the 2nd sell trade actived @ 2132. stop loss @ 2140, target @ 2117.
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still suggest to sell the spx500 inedx .
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as i updated ,this index bounced to 2132 and drop down quicly. it will face the important support level 2117 the 2nd time ,focus on that level .
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so good ,2117 was brokenout by big drop down wait for pullback to sell.
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hi guys, did you follow this idea ? hope so . something about this index ,i still suggest to sell .
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Red
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Hi,
where do you place the target?
thanks
cowboy
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thanks for comment, there are two tps in week.
cowboy
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if the important support level at 2117 was brokenout ,the space is opening.
cowboy
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hey guy, the spx500 index will test the important support level at 2117 the 2nd time very soon ,suggest to focus on this level. remmeber to take some profits here.
where do you place the target?
thanks