LONG OPPORTUNITY IN SPX500 - CORRECTIVE ABC STRUCTURES

HI GENTLEMEN. I HAVE BEEN STUDYING WAVE PATTERNS FOR THE LAST WEEK AND THIS CHART AS WELL. THERE IS AN ABC WAVE CORRECTION STRUCTURE ALREADY FORMED. I AM WAITING FOR THE BRAKE OF THIS STRUCTURE (BROWN RECTANGLE) AND THEN I WILL BUY THE RESTEST.

YOU COULD ALSO LOOK FOR AN ENTRY INSIDE THE STRUCTURE IN SMALLER TIMEFRAMES BUT I WANT TO MAKE SURE I DO THE PERFECT ENTRY.

TELL ME WHAT YOU THINK!

CARLOS

Comment:

Wave Correction Structure forming up in H1 inside the main Corrective Structure. After this H1 correction look for the final impulse for the brake!

Trade active:

What an impulse. Already in Profits and waiting for the brake of the big ABC structure!

Trade closed: stop reached:

Should have closed this trade before elections, since it was 130 pips already in profits. But still sure my analisis is right, will see the evolution!