If symmetrical triangle get confirmed with 4th wave, then we can see the fall of SPX500 to 2460. Take reference of wave 1 and you have -210 points from 4th wave. If you put a Fibonacci retracement from february 2016 to the top in January 2018, then you can see 0.618 Fibonacci fall in 2475 aprox. Then there is two perspectives that talk about a new important drop. FIRST, we need see the 4th wave complete and the clear formation of Symmetrical Triangle.
hahahaha grow up. If TA works all people are a billionaire.
VladimirMendoza
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@isaac312, maybe Now is transforming in Wedge Ascendent Partner... Maybe not... I am losing so much money but I keep my puts options until see what will happen the next week. And may be will buy so much... See me falling to abysm!!! :( :)
isaac312
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@VladimirMendoza, sorry mate. I had been in that situation multiple times. Cheer up man. Time will pass no matter what and there will be an opprotunity comes. Just need to see why I was wrong; which is lack of fundamentals global macro and risk amangement. Successful hedge fund managers and traders winning ration is 55-60%. They make it by maximizing the profits and cut losers effectively. All about risk management. Keep that in mind.
isaac312
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@isaac312, when you are losing. you must reduce exposures. Rule #1 in Goldman
VladimirMendoza
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@isaac312, I already close positions... These were puts with target 2500, low cost (3 usd aprox each one). I lost 50% aprox.