SP500 bearish move based on AB=CD pattern with fib
Hi traders,
On the S&P500 I found this AB=CD pattern that lines up with the 1.272 Fibonacci extension of the recent swing upwards, that was initiated on my birthday.
Entry: 2189.8
Stop: 2207.6
Target: 2136.5 = R:RR 2.99
Note: Just an idea, not trading this.
Best of luck! Updates will follow.
On the S&P500 I found this AB=CD pattern that lines up with the 1.272 Fibonacci extension of the recent swing upwards, that was initiated on my birthday.
Entry: 2189.8
Stop: 2207.6
Target: 2136.5 = R:RR 2.99
Note: Just an idea, not trading this.
Best of luck! Updates will follow.
Transaction en cours
Note
Adjusting target to 2150 based on the structure. This means the R:RR changes to around 2.00Trade fermée: cible de profit atteinte
Took a while, but we finally got there.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.