A short update on the SPY chart,
After we reached my predicted 284 area, now we are ready to break the "yellow triangle" so-called rising wedge.
If we turn red, then we will head to the 0,236 fib level, which is a strong support level.
You can see after an Elliot 1-2-3-4-5 waves; an a-b-c pattern is forming on the 4hr chart. My predicted area now between 271 and 266.
You can see my short position and risk/reward ratio
What do you think?
Thank you for your comment.
After we reached my predicted 284 area, now we are ready to break the "yellow triangle" so-called rising wedge.
If we turn red, then we will head to the 0,236 fib level, which is a strong support level.
You can see after an Elliot 1-2-3-4-5 waves; an a-b-c pattern is forming on the 4hr chart. My predicted area now between 271 and 266.
You can see my short position and risk/reward ratio
What do you think?
Thank you for your comment.
