SPX combination of methods to have the perfect setup
Updated
Chart completed with:
bearish crab
elliot waves
bearish channel
moving averages
Safer entry will be after breaking the channel, or the second safer setup will be at the moving average crossing
but this point is also a safe entry because there is a confluence of resistance : point D of bearish harmonic, point 5 of EW and top of the bearish channel
bearish crab
elliot waves
bearish channel
moving averages
Safer entry will be after breaking the channel, or the second safer setup will be at the moving average crossing
but this point is also a safe entry because there is a confluence of resistance : point D of bearish harmonic, point 5 of EW and top of the bearish channel
Note
An accumulation of sign , confirmating your analysis make you more confident about your trade and obtain a better winning rate ( my opinion)for exemple in this case with a lot of bearish signs. this is for trend reversal
and for trend continuation : confluence of resistance/support is really useful
Note
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.