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1:3 Risk / Reward in S&P 500

Long
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SP:SPX   L'indice S&P 500
The Elliott Wave count for the two most probable wave structures terminates either here or a few points below here.

We are dealing here most probably either with a triangle or with a complex double three correction.

That's a BTFD!

S/L : Early Feb. low
Targeting all-time highs.

Good luck on this one!
Trade fermée: cible de profit atteinte:
The move is fading. Overall, the S&P will most likely resolve to the upside. However, the imminent risk is on the downside now. The structure may extend to the downside. We therefore close this trade here with a nice profit.
+4.3%

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