Hello traders!
Many times in previous post we talked about a primary wave (B) to the upside to conclude above 4300 for the S&P.
We believe that we are currently going for wave 5 of C, as also the inverse head and shoulder suggests.
clearer picture on Nasdaq, where W pattern and descending broadenign wedge are targeting at least 13600 for this upside correction (end of double zig zag).
There we will re consider the possibility of a short, tracking the possible Wolfe Wave in the making.
For now, we opened a small long at the recent dip at 12909.1. Will update below!
Bests!
GMR
Many times in previous post we talked about a primary wave (B) to the upside to conclude above 4300 for the S&P.
We believe that we are currently going for wave 5 of C, as also the inverse head and shoulder suggests.
There we will re consider the possibility of a short, tracking the possible Wolfe Wave in the making.
For now, we opened a small long at the recent dip at 12909.1. Will update below!
Bests!
GMR
Trade active:
stop loss on entry on nasdaq.
bull flag on sp
