It's very likely that the SP500 is in wave 4.
The problem is the possibility of doing almost anything in the 4th Wave.(triangle, complex wave or simple zigzag)
If so, it is okay to think that the price will go up as long as it stays above 4270, considering that it is doing a simple zigzag for now.
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If my analysis supports your thoughts, do not hesitate to leave a like.
The problem is the possibility of doing almost anything in the 4th Wave.(triangle, complex wave or simple zigzag)
If so, it is okay to think that the price will go up as long as it stays above 4270, considering that it is doing a simple zigzag for now.
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If my analysis supports your thoughts, do not hesitate to leave a like.
Trade closed: stop reached
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.