Short
S&P500 elliot wave Update, bearish setup time
Everything is going as predicted so far
Time to setup a short position.
I am gonna sell when we "break" the confirmation level.
*break means you see a read candle that breaks the level and at least 50% of it crosses the candle.
** MAKE SURE YOU ARE NOT RISKING MORE THAN 1-3% Of YOU WHOLE TRADING ACCOUNT, THE AMOUNT OF MONEY YOU LOOSE IF WE HIT THE STOP LOSS MUST NOT BE MORE THAN 1-3% OF YOUR WHOLE CAPITAL***
Time to setup a short position.
I am gonna sell when we "break" the confirmation level.
*break means you see a read candle that breaks the level and at least 50% of it crosses the candle.
** MAKE SURE YOU ARE NOT RISKING MORE THAN 1-3% Of YOU WHOLE TRADING ACCOUNT, THE AMOUNT OF MONEY YOU LOOSE IF WE HIT THE STOP LOSS MUST NOT BE MORE THAN 1-3% OF YOUR WHOLE CAPITAL***
Nota
This scenario just invalidated, the invalidation point got hit and the confirmation point never got touchedNota
this is the new modelwe need to see the price to bounce back near the invalidation level first.
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we have a fibo ratio witch matches with a important resistance level,watch the market reaction there
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the box in the 4h chartIt is close to the triangle trend line
it confirms the fibo ration
and it is just bellow the invalidation level
watch it very carefully
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the invalidation level got hit and teh confirmation level was never triggered. thsi scenario is invalidatedNota
So far 3 bearish models are invalidated the last bearish model is this one:
if this one gets invalidated then I will stay away from another market and wait for a proper buy or sell signal
Nota
we hit the invalidation levelso the uptrend was just an abc
get ready to short
Trade attivo
I have updated the post please see the new post for realtime updates
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Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.