Today SPX completed its recovery(xx) after its wave 'Y', note that it has not penetrated inside wave 'W' territory.
wave 'Y' extended beyond 1.62% of wave 'W',
Hence as per EW rule one more wave 'Z' to unfold which has a definite relationship (between 62% or 162%)of wave 'W'.
Lets open our shorts,keeping stop loss 4582
Trading with minimum stop loss, conserve our capital in case of extension of wave 'xx'
wave 'Y' extended beyond 1.62% of wave 'W',
Hence as per EW rule one more wave 'Z' to unfold which has a definite relationship (between 62% or 162%)of wave 'W'.
Lets open our shorts,keeping stop loss 4582
Trading with minimum stop loss, conserve our capital in case of extension of wave 'xx'
Nota
today SPX will hit the base (53) @ 4355 and bounce up to 4446 for (54)Dagangan aktif
I have not followed any machine data, street data, momentum, sma, ema, RSI, macd, then what has given me the confidence? EW
Dagangan aktif
wave 5/3 finished with a confirmation of trend reversal, now the final reaction wave 5/4 is going up for 2 daysNota
4475(50%) to retrace for bullish biasNota
with more than 3 positive bias the shorting idea is clossed today 17/02/22, depending upon friday's(18/02)trade next action will be updated,25% probablity of downside is possible tom if the low,4365 breached
Happy trading
Nota
SELL below 4400 on closingDagangan aktif
ODDS increased , support 4400 on daily closing failed ,hence my trade is active now
Nota
momentum candle shows downsideNota
if the first target of 5th wave 4255 is not reached today then , s&p500 will extend its recovery wave of 5/2 till 10 th march, forget ukraine for 2 weeksNota
with this I close the short trade idea , the index needs more time to come down, by the way we can switch to longs for 2 weeksNota
everyone knew that market is bearish , but there is no evidence in price action, a controlled selling at 5th wave will become a bear trapNota
buy calls for this week onlyPenafian
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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.