S&P 500- In the target box
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Hello traders!
As per previous posts, we believe the SP500 to be in a primary wave (B) to the upside correcting the donwtrend from January's 2022 top.
Here is the count on the daily time frame:
Price action shows this primary wave (B) unfolding as a double zig-zag. The structure of the last decline from 4194 seems a 3-3-5 that would complete wave B of the last zig-zag, thus providing a setup for trading the last leg up of primary (B) to 4300+.
From a pattern perspective, we can see the bearish wolfe wave target at the main downtrendline in blue.
Will search from long setups lower in the green target box and will update below.
Happy trading!
GMR
As per previous posts, we believe the SP500 to be in a primary wave (B) to the upside correcting the donwtrend from January's 2022 top.
Here is the count on the daily time frame:
Price action shows this primary wave (B) unfolding as a double zig-zag. The structure of the last decline from 4194 seems a 3-3-5 that would complete wave B of the last zig-zag, thus providing a setup for trading the last leg up of primary (B) to 4300+.
From a pattern perspective, we can see the bearish wolfe wave target at the main downtrendline in blue.
Will search from long setups lower in the green target box and will update below.
Happy trading!
GMR
Trade attivo
giving a first try, vix reached its target.
Entry @3998.1
Trade attivo
stop loss on entry.
Monitoring the possibility of a descending broadening wedge.
Trade attivo
still in from @3998.1
Trade chiuso manualmente
Kicked out at entry. Now observingNota
Targets of Adam and Eve top and Inverse Cup and Handle are at the bottom of target box
Trade attivo
restriked @3984.1
Trade attivo
stop loss on entry. A short term lower low still possibleTrade chiuso manualmente
Closing at 4010.1 with a gain of 0.7%.
Trade attivo
micro count in chart. Green zone has the target for this wave B. A breach of the green zone will increase the probability of a reversal
Trade attivo
still long from our greenzone 3950.2@ with stop loss on entry
Trade attivo
kicked out at entry. restriked @3947.4
Trade attivo
added 3927.1 avg entry @ 3937.2
stop loss 3918 risk 0.7%
Trade attivo
stop loss on entry
Trade attivo
Trade chiuso manualmente
Closed at @4040.2 Profit 3.1%Nota
Staying flat now.. will update in next post
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