Taiwan_Bear

Is SPX going to crash again? I believe so

FOREXCOM:SPXUSD   US SP 500 CFD
Hi All,

It's been a while since my last update on SPX500             . I have been waiting for SPX             to retrace back to around $2695 but unfortunately it didn't happen. And, the huge drop that happened 2 days ago was something that I certainly not expecting.

Something that I want you to notice is the drop 2 days ago, has confirmed the formation of the massive descending triangle . Does the triangle look familiar to you? Yes! it looks just like the crash pattern on Cryptos. And if you look closely, we are far away from reaching the apex of the triangle, in which is pointing at the 1.272 retrace at $2433.

If you have followed on my idea on SPX             since the beginning, I have mentioned that my ultimate target is @ $2386. This is also the price level of the long term trendline . However, by looking at the descending triangle , it looks like SPX             might not reach that price level.

Right now, I will wait for SPX             to retrace back to test the top of the descending triangle at around $2628 and if SPX             gets rejected I will place my short positions and take my profits around the $2540 price level.

Taiwan Bear


******************************************************************************************
Please note this post is provided for informational purpose only. It is not a financial advice to buy/sell.

Some tips for you:
- Set up an entry/exit strategy for every trade, with the ideal risk/reward ratio (2+)
- Understand that every trade carries a risk, and don’t expect you can make profits from every trade
Bình luận: Please forgive me. The Fib setup in black was not set to the correct price level. Below is the correct one.

Giao dịch bắt đầu: Rejected by descending triangle

SL: 2665.
TP: 2540-2525
Risk/Reward: 5.6+
Đóng lệnh: dừng lỗ: SL hit, 0.72% loss.

Will find another entry point, probably around $2685, which I have highlighted in yellow.

Bình luận: Or if you are an aggressive trader, now can be a good time to open another short position. Recommended SL $2690, TP 2540. Risk/reward ratio around 5.
VI Tiếng Việt
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Trang chủ Bộ lọc cổ phiếu Bộ lọc Forex Bộ lọc Tiền điện tử Lịch kinh tế Cách thức hoạt động Tính năng Biểu đồ Quy tắc Áp dụng Người điều hành Giải pháp cho Website & Nhà môi giới Widget Thư viện Biểu đồ Chứng khoán Yêu cầu tính năng Blog & Tin tức Câu hỏi thường gặp Hỗ trợ & Wiki Twitter
Hồ sơ Tùy chỉnh Hồ sơ Tài khoản và Thanh toán Ticket Hỗ trợ của tôi Liên hệ Hỗ trợ Các ý tưởng đã đăng Người theo dõi Đang theo dõi Tin nhắn riêng Trò chuyện Đăng xuất