Hi traders,
Last week SPX500USD dropped.
It turned out to be a leading diagonal and after a correction up it dropped to finish (orange) wave 5 just like I said last week.
For next week we could see a bigger correction up but wait for a change in orderflow to bullish first.
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.
It turned out to be a leading diagonal and after a correction up it dropped to finish (orange) wave 5 just like I said last week.
For next week we could see a bigger correction up but wait for a change in orderflow to bullish first.
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