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SiphoRapopo
May 9, 2020 3:49 PM

Struck gold on SPX500 

US SPX 500OANDA

Description

What we see here is a perfect set up using the Elliot Wave Principle. This pattern ticks all the rules;
1. Wave 2 retraced less than 100% of wave 1
2. Wave 3 is not the shortest wave of 1,3 & 5
3. Wave 4 did not retrace into the price territory of wave 1.

We simply need to wait for the corrective wave to complete wave C then we short all the way down.
Keep an eye on this one folks we're banking here!
Comments
InfowarsTrader
I am not sure if I understood you right. You plan to start shorting when wave C is complete? Why not short now?
SiphoRapopo
@InfowarsTrader, I plan to short wave C. I should update that. I actually just went short. Saw a good confirmation on the 1H timeframe.
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