SP500 bearish move based on AB=CD pattern with fib

20 Tem 2016

Hi traders,

On the S&P500 I found this AB=CD pattern that lines up with the 1.272 Fibonacci extension of the recent swing upwards, that was initiated on my birthday.
Entry: 2189.8
Stop: 2207.6
Target: 2136.5 = R:RR 2.99

Note: Just an idea, not trading this.
Best of luck! Updates will follow.

19 Ağu 2016

İşlem aktif

25 Ağu 2016

Not

Adjusting target to 2150 based on the structure. This means the R:RR changes to around 2.00

12 Eyl 2016

İşlem kapandı: hedefe ulaştı

Took a while, but we finally got there.