SPXUSD - Yes, I am calling the crash - 15%+ potential profits
Hi All,
I hope you have enjoyed my last post on EURUSD, and if you have followed my idea, you would have got yourself around 100-115 pips by now. And if you have followed my previous ETC post on the 10th March, you would have made a nice profit of 37%.
Before I start, I want to emphasise this is just a speculation, the crash may never happen. However, the current set up looks like it's about to go downhill. Plus, from what I am seeing is there is more downside potential than to the upside.
I was going to post this TA a few days ago, but I thought I was crazy enough to call a crash, until I saw the same thoughts been posted by @PRO_Indicators. He also showed the similarities between the current SPX500 set up and the recent BTC crash. They look almost identical. Of course, SPX500 may not follow the path of BTC, and that's why you have to have a Risk/Reward ratio in every trade.
If you are a less aggressive trader, you can wait for the break down of the blue trend line and wait for a pull back at around $2745. But if you are an aggressive trader, you can open a short position now and set SL at $2840. If SPX500 does crash, I believe it has the potential to drop all the way down to $2386, which is also where the long term trend line is gonna be at around the end of April.
I wouldn't recommend for this trade anything more than x10 leverage.
Please note this is not a financial advice. Trade with SL and take profit at each target.
Taiwan Bear
I hope you have enjoyed my last post on EURUSD, and if you have followed my idea, you would have got yourself around 100-115 pips by now. And if you have followed my previous ETC post on the 10th March, you would have made a nice profit of 37%.
Before I start, I want to emphasise this is just a speculation, the crash may never happen. However, the current set up looks like it's about to go downhill. Plus, from what I am seeing is there is more downside potential than to the upside.
I was going to post this TA a few days ago, but I thought I was crazy enough to call a crash, until I saw the same thoughts been posted by @PRO_Indicators. He also showed the similarities between the current SPX500 set up and the recent BTC crash. They look almost identical. Of course, SPX500 may not follow the path of BTC, and that's why you have to have a Risk/Reward ratio in every trade.
If you are a less aggressive trader, you can wait for the break down of the blue trend line and wait for a pull back at around $2745. But if you are an aggressive trader, you can open a short position now and set SL at $2840. If SPX500 does crash, I believe it has the potential to drop all the way down to $2386, which is also where the long term trend line is gonna be at around the end of April.
I wouldn't recommend for this trade anything more than x10 leverage.
Please note this is not a financial advice. Trade with SL and take profit at each target.
Taiwan Bear
Comment:
I have to say, I made this call brilliantly. SPX went down to exactly the price level I think it would go down, and retraced back to around $2745 just as I have mentioned above. If you have only shorted now, I have to warn you that the retrace might happen soon to around $2705. Also, if you look at the RSI, it is quite oversold at the moment.
Comment:
Perfect trade!! 5.8%+ profits with x1 leverage
TP1 hit. Fib 0.786 retrace hit ($2603.85). Please take partial profits.
When 0.786 retrace hits, there is a possibility for SPX to go back to 0.5 retrace.
TP1 hit. Fib 0.786 retrace hit ($2603.85). Please take partial profits.
When 0.786 retrace hits, there is a possibility for SPX to go back to 0.5 retrace.
