My previous projection failed as S&P did not go to 2188,but bounce back from Asian session highs of yesterday. As I mentioned, RSI is below 40 when retesting the area. so I did not enter the trade.
Reason to long S&P around 2158-2160:
1.hourly AB=CD
2. previous range lows waiting to be retested(it's fresh)
Target=estimated 61.8% retracement of projected CD( 2069.5 )
Profit Margin: above 4
Reason to long S&P around 2158-2160:
1.hourly AB=CD
2. previous range lows waiting to be retested(it's fresh)
Target=estimated 61.8% retracement of projected CD( 2069.5 )
Profit Margin: above 4
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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.