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TradeChartPatternsLikeThePros

SPX500USD MEGAPHONE PATTERN AND FIBONACCI RATIOS

Short
S&P 500 Index (OANDA:SPX500USD)  
TradeChartPatternsLikeThePros  
OANDA:SPX500USD   S&P 500 Index
Chart Patterns Trend Analysis Wave Analysis megaphonepattern symmetry
4
1
chartpattern trendanalysis waveanalysis megaphonepattern symmetry
SPX500USD has formed a megaphone pattern on its daily chart.
The price has rejected the mid range MID RANGE 4410.0.
Megaphones patterns tend to reverse the prices trends in 5 wings.
Fibonacci extension tool is used to determine potentials targets to the downside.

TP1 4068.7 61.8% SYMMETRY ABC
TP2 3892.0 78.6% SYMMETRY ABC
TP3 3619.9 100% SYMMETRY ABC
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