SPX TRADE IDEA OCT 20th 2023 TGIF

20 thg 10, 2023

As this trading week draws to a close, I am anticipating a promising TGIF setup. This setup suggests a retracement within the weekly range of downward price action to eliminate any inefficient price movements within the price leg down. Which I anticipate this opportunity to unfold either during the London or New York session to initiate a manipulated buy to sell trade targeting -1, which corresponds to the yellow line on my chart. Then I intend to sell down to 0.79 on my price chart, while also is a zone that will be filling orders and capturing liquidity to drive the price up towards a possible high of the day..

Last Amount of gap to fill on 1H (0.79 Discount target)
Deviations Fib alignment

1H Fib Placement