Indice S&P 500Short
Is this all just a range based butterfly?
The rally over the last days has been impressive but the structure of the two parabolic legs and choppiness in the middle is consistent with a bearish harmonic.
This gives us a real decision point here. Harmonics can be highly accurate in forecasting major moves.
If this is a successful harmonic, the implied forecast of it would be a move down to 4660. In a strong smooth style. On a move of this scale, that would usually mean bad news to drive it.
Failure of the harmonic as a reversal pattern strong tilts bias towards 5650.
But if this is just a bull trap - this must just be the top of it.
This gives us a real decision point here. Harmonics can be highly accurate in forecasting major moves.
If this is a successful harmonic, the implied forecast of it would be a move down to 4660. In a strong smooth style. On a move of this scale, that would usually mean bad news to drive it.
Failure of the harmonic as a reversal pattern strong tilts bias towards 5650.
But if this is just a bull trap - this must just be the top of it.
Nota
Should be too much longer before we get signs if this is going to work or not. 
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We have signals services starting from only $10.
Find them here: holeyprofitnewsletter.substack.com/p/all-holeyprofit-newsletters
Find 15 free strategies here: holeyprofitnewsletter.substack.com/p/strategies-parent-thread
Find them here: holeyprofitnewsletter.substack.com/p/all-holeyprofit-newsletters
Find 15 free strategies here: holeyprofitnewsletter.substack.com/p/strategies-parent-thread
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.