SPX MINI Correction

22 Mar 2019

Main trend at this moment is bullish. As we see in chart, this lattest wave up gonna hit the target of the purple 1.618 fib level, and then start to correct. We are gonna look for the 0.5 level of the white fib and ma200 for exit this trade. Stop was placed by a horizontal support/resistance at daily chart.

Did u like this idea? Share your opinions in the comments! Let's discuss.

22 Mar 2019

Not

Moments after my idea, we lost the little uptrend indicated in my white fib, tested her, and then start to fall, in this case I changed my plan to open the short position after this test and the targets are the 0.618 level and ma200. I choose to realize 50% at 2833, moved stop to 2839 and wait for close positions in ma200.

22 Mar 2019

Not

Stop hit.
First 50% got 29pts (from 2862 to 2833) ,
Second 50% got 23pts (from 2862 to 2839) .

24 Mar 2019

İşlem kapandı: durdurma seviyesi