S&P 500 IndexShort
SPX500USD 20% COIRRECTION IN PLAY
This is an update for the previous chart.
A Rising Wedge formed in November 2020, you can see that it has broken to the downside with a target retracement of 20% medium term.
I opened up a short as soon as we broke the trend, one can play through each level of S & R seen on the charts.
3640 is the target for 20% downside.
Buy resistance, sell support. NFA.
Safe trading.
A Rising Wedge formed in November 2020, you can see that it has broken to the downside with a target retracement of 20% medium term.
I opened up a short as soon as we broke the trend, one can play through each level of S & R seen on the charts.
3640 is the target for 20% downside.
Buy resistance, sell support. NFA.
Safe trading.
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