dionvuletich

SPX500 1 hour possible buy level 2886

FX:SPX500   S&P 500 인덱스
Possible Wave 4 completion around 2890
Has:
- Elliot wave law of alternation = Wave 2 was deep, Wave 4 is shallow (estimate 38.2%)
- ABCD pattern
- Alternate AB=CD pattern Wave 2 = Wave 4 (black arrows)
- Fibonacci cluster at 38% retracement, 127% ABCD + 161% BC extension
- RSI at 33 now, near oversold - likely oversold when hitting the level
I will be scouring the lower timeframes to find a good level to trade off around 2890

Possible R:R heading into a wave 5 could be large as there is not really any overhead resistance till 3000 again, seeing it is such an important psychological level it is likely to be drawn to this

Will post lower timeframe level if I can find one otherwise will be looking for signs of reversal at this level
면책사항

이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.