meszaros
Long

SPX500USD before another 3.5% rise.

OANDA:SPX500USD   S&P 500 Index
SPX500USD before another 3.5% rise. Based on my analysis, I assume that a fractal is copied again. They are 1: 1 fractals in size. The target price for the second wave fractal rising wave sequence is 3400 usd

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Nice before my TP 3349
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meszaros Proamator
@Proamator, This is a very strong trend. TP may be out soon. 💰👍
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The three purple lines represent moving averages (50,100,200). It can be seen that all three moving average angles rise steeply. The yellow line represents the low of the SPX500. The figure shows that the slope of the yellow line is greater than that of the three purple lines. Therefore, I assume the exchange rate will rise faster than the underlying ATR. As a result of this rule, I am not expecting a major correction movement in the exchange rate at this time.
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I see trend strength weakening in the last 10 days. A correction south is due. The fractals are good, creating an appearance of probability for the north. Other things create probabilities for the south.
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meszaros Captain_Walker
@Captain_Walker, Thanks for the comment. I see it a little differently. I see a very strong trend right now, and even an increase in ATRs. I think the exchange rate is accelerating. I'm not expecting a correction.
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@meszaros, I looked below the 1D into the 4H, I see trend resumption on the 4H after a minor relaxation. I couldn't have seen this well by just looking at the 1D. So - I've changed my mind. I agree with you projections. Thanks for another brilliant analysis from you.
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meszaros Captain_Walker
Thank you very much.
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