SPX500 UPDATE
Whats going on Gang! , Here we can see clearly what went on with spx500 since our last post, it most definitely bounced and hit all the 50% institutional candles form the past. this is as accurate and as beautiful as it gets with smart money price respecting and dancing off our {Blue} 50% Fibb, The way we got to this markup was first opening the 1hr and we got the major institutional candles, {candles that take out liquidity the lowest low candle the highest high candle, then we looked at the 15min chart and we grabbed another institutional candle that had taken out liquidity in the past to the upside, the last blue line we got from the most recent institutional candle on the 5 min that had taken out liquidity to the upside ^ . We then let price ride it Mitigated off a past institutional candle right off the 50% and price fell into our zone of institutional candles. The more we look for smart money the easier we get at finding out where its at! Our entry was little to no risk and granted a maximum of 300-330 pips! More analysis to come shortly and i might post a quick little course at spotting out liquidity candles.
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