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FxBourgeois

SPX combination of methods to have the perfect setup

Short
S&P 500 Index (OANDA:SPX500USD)  
FxBourgeois Updated   
OANDA:SPX500USD   S&P 500 Index
Harmonic Patterns Chart Patterns Technical Indicators
7
0
harmonicpatterns chartpattern indicator
Chart completed with:

bearish crab
elliot waves
bearish channel
moving averages

Safer entry will be after breaking the channel, or the second safer setup will be at the moving average crossing

but this point is also a safe entry because there is a confluence of resistance : point D of bearish harmonic, point 5 of EW and top of the bearish channel
Comment:
An accumulation of sign , confirmating your analysis make you more confident about your trade and obtain a better winning rate ( my opinion)

for exemple in this case with a lot of bearish signs. this is for trend reversal
and for trend continuation : confluence of resistance/support is really useful
Comment:
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