meszaros

SPX500USD Accumulation Range.

OANDA:SPX500USD   S&P 500-index
SPX500USD Accumulation Range. In the coming days, I expect a little calming down, which is confirmed by the technical picture. The exchange rate may begin to build up an accumulation band. I note that we are also inside a fractal copy. The previous fractal also produced new falls from the accumulator bands. In my opinion, this will continue to be the case. I expect a double downward wave system, which can build up an accumulation band. So I only take short positions from the top of the bar. The second falling wave target price is 2563usd.

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