S&P 500 IndexShort
SPX500usd ELLIOTT Analysis update
Updated
Todays rally up to the level was expected (see previous post)
Now looking short after conformation set-up, and plan to continue Short. changing to long position at one of the arrows shown on the Chart.\
This is my personal trading/ risk management plan, all trade need conformation before execution
This may not work with your style of risk management. Trade your own plan.
Now looking short after conformation set-up, and plan to continue Short. changing to long position at one of the arrows shown on the Chart.\
This is my personal trading/ risk management plan, all trade need conformation before execution
This may not work with your style of risk management. Trade your own plan.
Note
Wave-4 triangle patterns are notoriously difficult to risk manage, and you often get it wrong. I did a little more work on an alternate count. This chart shows a 3-3-3-3-3 triangle which is a bit more bullish that the 5-3-5-3-5 triangle pattern on previous posts. The problem is the NAS100 and the SPX500 look slightly different.
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