Forexian

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

Forexian 업데이트됨   
FOREXCOM:SPX500   S&P 500 인덱스
🔄 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! ✌️

➖➖➖➖➖➖➖➖➖➖➖➖➖
🔗 Check out the "Related ideas..." in the links below too
➖➖➖➖➖➖➖➖➖➖➖➖➖
📌 Kindly note that Forexian is not a signal provider. The published idea is ONLY our views and analysis of the market!
Forexian does not take any responsibility for your decisions and/or trades.
코멘트:
Shown on the chart:
코멘트:
1H clearer view:

거래청산: 타겟 닿음:
Just hit the target after the 15 min halt

면책사항

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