UnknownUnicorn2917131

Using Fibonacii Retracement for possible reversal

Short
SP:SPX   S&P 500 Index
Confirmed Reversal signal at current resistance. Set your sell stop below the 50, and TP above your 61.8.
Comment:
If current trend goes higher than 0 line, Fibonacci is reset, and replace after next reverse candle.
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.