SPX Possible downside after Flat structure (Elliott Wave)
SPX : Flat correction for W.B Cir. looks about complete, we are looking for one leg down as an Impulse for W.C Cir.
Strategy : A break below ST line which is also the high of W.1 of last Impulse can be taken as a sell trigger, with SL above swing high.
1H :
15 min. :
Strategy : A break below ST line which is also the high of W.1 of last Impulse can be taken as a sell trigger, with SL above swing high.
1H :
15 min. :
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15 min. : Updated :
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15 min. : Shorts can be added with SL above swing high :
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1 H : Updated Count : The sell setup failed, W.C of the Triangle looks to be in play, wait for a confirmatory pullback to initiate longs :
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Author : Think with the Markets
Video Course : 50eyes.com/elliott-wave-course
Author : Think with the Markets
