S&P 500 - Bullish AB=CD BAMM
已更新
Bullish AB=CD BAMM opportunity is now shaping up on the Standard and Poor's 500 index on the 4h chart.
This one to one measured move looks excellent, the AB=CD completion is beyond the ATH at 2877, this is complemented by the reciprocal ratio of 0.5 which is the 2.0 projection.
I'm expecting price to break resistance @ B followed by an acceleration in price action towards the pattern's completion. This move needs to be assessed in real time and we cannot use any limit orders, analyse price action upon the breakout of 2792 to determine the continuation.
We will be trading with a tight stop loss if executed, target is 2892.
You guys know what to do... Like, comment and share! I'll keep you all posted :)
This one to one measured move looks excellent, the AB=CD completion is beyond the ATH at 2877, this is complemented by the reciprocal ratio of 0.5 which is the 2.0 projection.
I'm expecting price to break resistance @ B followed by an acceleration in price action towards the pattern's completion. This move needs to be assessed in real time and we cannot use any limit orders, analyse price action upon the breakout of 2792 to determine the continuation.
We will be trading with a tight stop loss if executed, target is 2892.
You guys know what to do... Like, comment and share! I'll keep you all posted :)
註釋
Price has broke resistance at B, wait for the next 4h close and we can assess the strength of the breakout.註釋
AB=CD BAMM making excellent progress, this is holding its symmetrical structure and it is likely we will see price reach 2892 by mid-August.交易結束：目標達成
📈 Master the Art and Science of Trading: sixfigurecapital.com
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。