Hello traders!
As per previous posts on the SPX, we were tracking a corrective primary wave (B) to the upside developing from the October low. The price action looks like a corrective double zig zag and is reaching a significant resistance area after its completion, forming a bearish wolfe wave as showed in the chart. If the contractive monetary cycle requires a bigger correction, this is the area where we the setups are going to appear.
We will closely look for a short entry after WW activation and retracement.
We will update here!
Bests,
GMR
As per previous posts on the SPX, we were tracking a corrective primary wave (B) to the upside developing from the October low. The price action looks like a corrective double zig zag and is reaching a significant resistance area after its completion, forming a bearish wolfe wave as showed in the chart. If the contractive monetary cycle requires a bigger correction, this is the area where we the setups are going to appear.
We will closely look for a short entry after WW activation and retracement.
We will update here!
Bests,
GMR
Dagangan aktif
shorted @4313 sl 4329
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Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.