meszaros
Short

SPX500 is nearly 20% drop...

OANDA:SPX500USD   S&P 500 Index
SPX500 is nearly 20% drop . D1 momentum candle indicates a decreasing trend. The upper level of the parallel channel drawn on the ATR axis (orange line) is a resistance to the exchange rate. Also, it can be seen that the exchange rate is the last part of a double-rising correction wave. The last wave target price is 2744 usd. From this level, I wait for a double downward wave. The target price for this wave structure is 2292 usd. So from the current level to nearly 20% fall.
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