Hi traders,
Last week SPX500USD dropped.
The pacteren has now changed. This could be a flat so then next week we could see an upmove to finish the flat (grey X-leg) and after that a drop again.
Or this could be a leading diagonal and we see a correction up and after that a drop to finish (orange) wave 5.
Let's see what price does next week and react. At the moment there are no trading opportunities.
If you want to learn more about trading with supply and demand and wave analysis, please make sure to follow me, give a like and respectful comment.
This shared post is only my point of view on what could be the next move in this pair based on my analysis. I do not provide signals.
Don't be emotional, just trade!
Eduwave
Last week SPX500USD dropped.
The pacteren has now changed. This could be a flat so then next week we could see an upmove to finish the flat (grey X-leg) and after that a drop again.
Or this could be a leading diagonal and we see a correction up and after that a drop to finish (orange) wave 5.
Let's see what price does next week and react. At the moment there are no trading opportunities.
If you want to learn more about trading with supply and demand and wave analysis, please make sure to follow me, give a like and respectful comment.
This shared post is only my point of view on what could be the next move in this pair based on my analysis. I do not provide signals.
Don't be emotional, just trade!
Eduwave