SPY simple chart analysis: following previous post idea

7 May

Elliot Wave finished forming the A of ABC correction just on the fourth wave of giant minor E.W. D1 t.f.. Two sets of abcde waves finished and builded a complete smaller abc correction, giving open doors for a bullish momentum.

• Trend still can continue until 300% of E.W. fibonacci.
  
• fibonacci is between the 0 and 2 of E.W., starting from 50% instead of 0.
  
• It already passed atractive channel giving opportunity for sideways.
  

Note: I sugest to not take this trade if you are starting it😋.

9 May

İşlem aktif

Already reached fifth peak. Taking sell now is risky because ETF charts tends to enlarge trends. I'll start the operation, but you can wait for a second red candle and then start selling.

Two red candles in a consecutive seven green candles is a reverse pattern. Remember to always be alert. Trade wise guys.

15 May

İşlem kapandı: durdurma seviyesi