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* Related ideas show how I was able to call the BIG drops in 2018.
Scenario 1:
*Leading Diagonal in Minor ABC (blue), part of a larger degree Ending Diagonal in the next Bull Market run, before the Market Crash.
In this scenario, a deep pull-back should take place until the 50-61.8% Fibonacci Retracements.
Fibonacci Extensions from Minors A&B (Minor C projection) are synchronizing with the Wedge Formation towards 2885.00 levels, but also with the joining Bearish Divergence.
Scenario 2:
* SPX (SPXUSD) Alternate Count (turquoise) has been labeled in an Impulse which presents an Extension in Minor 3 (turquoise).
This scenario puts SPX (SPXUSD) in a Minor 4 (turquoise) correction, which should honor the 23.6% or 38.2% Fibonacci Retracements of Minor 3 (turquoise).
Decision:
Scenario 1 is the preferred outcome and this is because the rising wedge does not belong in Minor 3.
* Both scenarios imply a bearish sequence as the next structure.
SPXUSD (SPX) - SELL ORDERS
*Aggressive Entry @ 2885.00 with SL @ 2965.00
*Moderate Entry @ 2915.00 with SL @ 2965.00
*Conservative Entry @ 2980.00 with SL @ 3050.00
TP @ 2800.00 / 2750.00 / 2600.00 / 2550.00
SPX - 4H Chart
* This idea is to be treated as simple Market commentary and not as an immediate investment advice.
Trade with care!
Many pips ahead!
Richard
* Related ideas show how I was able to call the BIG drops in 2018.
- Analysis Summary:
Scenario 1:
*Leading Diagonal in Minor ABC (blue), part of a larger degree Ending Diagonal in the next Bull Market run, before the Market Crash.
In this scenario, a deep pull-back should take place until the 50-61.8% Fibonacci Retracements.
Fibonacci Extensions from Minors A&B (Minor C projection) are synchronizing with the Wedge Formation towards 2885.00 levels, but also with the joining Bearish Divergence.
Scenario 2:
* SPX (SPXUSD) Alternate Count (turquoise) has been labeled in an Impulse which presents an Extension in Minor 3 (turquoise).
This scenario puts SPX (SPXUSD) in a Minor 4 (turquoise) correction, which should honor the 23.6% or 38.2% Fibonacci Retracements of Minor 3 (turquoise).
Decision:
Scenario 1 is the preferred outcome and this is because the rising wedge does not belong in Minor 3.
* Both scenarios imply a bearish sequence as the next structure.
SPXUSD (SPX) - SELL ORDERS
*Aggressive Entry @ 2885.00 with SL @ 2965.00
*Moderate Entry @ 2915.00 with SL @ 2965.00
*Conservative Entry @ 2980.00 with SL @ 3050.00
TP @ 2800.00 / 2750.00 / 2600.00 / 2550.00
SPX - 4H Chart
* This idea is to be treated as simple Market commentary and not as an immediate investment advice.
Trade with care!
Many pips ahead!
Richard
Ghi chú
Bearish sequence about to start, last chance.Giao dịch đang hoạt động
Let's go already!
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Bài đăng liên quan
Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.