SPX Long Trade Setup Analysis (3H Timeframe - Vantage)

3 Feb

🔹 Current Setup:
- 🦈 The Bullish Shark Pattern has completed at D (5912.17), indicating a potential reversal zone.
- 📉 Price is currently bouncing off the 1.001 Fibonacci extension level.
- 📍 Key Resistance Levels (Take Profit Targets):
- 🎯 TP1: Fibonacci 27.2% extension (~6201.66)
- 🎯 TP2: Fibonacci 61.8% extension (~6286.52)
- 📍 Key Support Levels:
- ❗ Critical Stop Zone: 5889.73 (inside the previously broken channel)
- 🔻 Deeper Bearish Target: 5782.41 (161.8% Fibonacci extension)



📈 Bullish Scenario (Long Setup)
- 🟢 Entry: Above 5945 (current market price)
- 🎯 Take Profit 1: 6201 (27.2% Fibonacci extension)
- 🎯 Take Profit 2: 6286 (61.8% Fibonacci extension)
- 🔴 Stop Loss: Below 5890 (to avoid whipsaws)

✅ Justification:
- 🔹 Price has bounced from a strong Fibonacci support level
- 🔹 Harmonic pattern suggests a potential bullish reversal
- 🔹 TP targets align with Fibonacci extension levels and previous structure resistance



📉 Bearish Scenario (Short Setup)
- ❌ Invalidation Level: Below 5880
- 🔻 Downside Targets:
- 5820: First support area
- 5782: 161.8% Fibonacci extension

✅ Justification:
- ❗ If the price breaks below 5890, the harmonic pattern fails, signaling more downside
- ❗ 5782 aligns with channel equilibrium, meaning a further drop could happen



⚡ Key Takeaways
- 🔹 Bullish bias above 5912, bearish below 5890
- 🔹 A break above 6000 will confirm the uptrend
- 🔹 A break below 5880 could lead to 5782 or lower

18 Feb

Dagangan aktif

Trade still on the way to our target