This idea is complementary to the S&P500 pending short idea. I've labelled the waves slightly differently but it doesn't impact the forecast for it's still the same expectation of a last wave. I purposely left it as a different count as comparison.
I would start building a short position around 20300. Stop above purple Fibonacci extension level.
I would start building a short position around 20300. Stop above purple Fibonacci extension level.
Trade active
I believe that it might have reversed with the break of a trendline.
Related publications
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.
Related publications
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.