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captain_smollett
21 сен 2016 г., 21:00

SPX500. Possible bearish butterfly Короткая

S&P 500 index of US listed sharesFXCM

Описание

We are heading to a possible correction on SPX500 which would mean more sideways action in the nearest term.

Will looks for longs at 2176 level. SL: 2185, TP: 2138

Комментарий

Getting close to entry point

Сделка активна

Going short 0.25 lots. SL: 1290. TP!: 2139

Комментарий

Short has worked well for now. Will move to breakeven on market open and check on where I could add some more...

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First target reached. Short to breakeven

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Keeping my short. Hope to see a target level and probably even lower

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Updated chart in comments
Комментарии
htgroup1
Agreed ... bounced up today off the 23.6 retracement, but couldn't break above the 50 SMA on the 4H. Looks to me like it will retest the 50 tomorrow (2162) and then down to 2129 (200 SMA).
captain_smollett
That would be a really good scenario indeed! =)
SharkbaitAl
Excellent analysis!
captain_smollett
Many thanks, appreciated! =)
htgroup1
Very detailed and clear analysis based on the harmonic. The 4H chart shows bearish RSI and Stochastic as well, so entering as well based on Monday's direction around 10 am EST using SQQQ.
captain_smollett
Thank you, Sir! Appreciated your comment =) Have a good trading!
captain_smollett


I´m missing a leg E in this triangle. If I´m not wrong, the triangle is bullish and we have to move to the new all-time highs afterwards. Notice a possible butterfly pattern
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