Following my previous short call on SPX (SPX Short: Seeking Peak) where I gave a lengthy explanation of the technicals and gave a peak target, this idea is telling you that the peak is reached and now is a fabulous opportunity to enter the market. The stop is above the high made today.
Do take note that I’ve changed the Fibonacci extension level such that wave 5 = 1.618x Wave 1.
Of course, in order to execute this trade, you may need to start trading during Asia hours when the CFDs and Futures open for trading. No matter what, remember the stop in case this idea is wrong.
Do take note that I’ve changed the Fibonacci extension level such that wave 5 = 1.618x Wave 1.
Of course, in order to execute this trade, you may need to start trading during Asia hours when the CFDs and Futures open for trading. No matter what, remember the stop in case this idea is wrong.
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