Yesterday, the bearish move in opening session brought the index to just 5 points from the black area of yellow rectangle, that's a Fibonacci price and time clusters (see last post).
According to my preferred scenario (60% probability), SPX did not appear yet reached a bottom corresponding to a pivotal point of minute degree (x wave) , because the pattern's structure doesn't seem complete, while the alternate scenario (40% probability) already indicates the reversal and the start of a new minor upwave.
I wait to open long positions.
Have a great trading day...with care!
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.