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S&P500, next 3 possible scenarios after 1st SELL TP

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FOREXCOM:SPX500   美国标准普尔500指数
🔄 Update: Exactly as forecasted, the sell hit its target (390 pips) 😁👍

The second sell also as forecasted before is in the order, (in a lower time frame 1H I can see a small flag forming) but it still doesn't fulfill my requirements to take the sell.

So I have 3 ideas at this moment which depicted on the chart, based on likeliness.

1. A continuation of the sharp down move: To the 61.8% retracement which is happened to be 61.8% expansion area of the current bear move (check the first image below 👇)

2. A longer-term consolidation in the current range

3. A sharp impulse up

💬 Please let me know your perspective on this

Happy Trading & stay green! ✌️

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🔗 Check out the "Related ideas..." in the links below too
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Forexian does not take any responsibility for your decisions and/or trades.
评论:
Shown on the chart:
评论:
1H clearer view:

交易结束:到达目标:
Just hit the target after the 15 min halt

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