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.
You can see spanish explanation here.
https://youtu.be/whuv23M-UjQ
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.
You can see spanish explanation here.
https://youtu.be/whuv23M-UjQ
isaac312
hahahaha grow up. If TA works all people are a billionaire.
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VladimirMendoza
isaac312
@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!!! :( :)
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isaac312
VladimirMendoza
@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.
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isaac312
isaac312
@isaac312, when you are losing. you must reduce exposures. Rule #1 in Goldman
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VladimirMendoza
isaac312
@isaac312, I already close positions... These were puts with target 2500, low cost (3 usd aprox each one). I lost 50% aprox.
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