We are looking at the harmonic AB=CD pattern on daily chart frame for S&P 500. It looks like 4130 could be a good reversal point retracing at 0.5. But we will wait and see as it could retrace to 0.618 at 4260.
Once reversal can be identified by candle formation in next three days we can take a short position from 4000 (if recersed from 4130), or 4130(if reversed from 4260). TP at 3260
Once reversal can be identified by candle formation in next three days we can take a short position from 4000 (if recersed from 4130), or 4130(if reversed from 4260). TP at 3260
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.