SPX / D1 : Final re-inforcement before big drop or invalidation

2017년 8월 22일

This is it, I'm not taking the last short reinforcement here, after shorting the top and the bearish breakdown, this pullback is really unexpected but to me it still looks like a great opportunity to put more money into this thing rather than being scared of bulls taking it over again.
Of course this scenario comes with an invalidation level... and I also gave you my target. In this case Sinewave is totally supporting the short positions, and clearly highlights the end of the bullish trend that happened right after Trump's election.
Those who are familiar with my ideas will notice that there is no elliott count on this one.. just to show you that you can basically use everything to find your support and resistance levels to trade on.. but to me Sinewave will always be the key element with Momentum to confirm !

Hope this idea will inspire some of you ! I'ld appreciate any like/follow if you feel like it deserve it ;)
You can check my indicators via my TradingView's Profile : @PRO_Indicators

2017년 8월 22일

노트

Sorry I made a mistake in the text above "this is it, I'm NOW taking the last short reinforcement". Indeed that changes the whole meaning of the sentence ! I took the short of course !