GMR-Capital

S&P 500- In the target box

GMR-Capital Uppdaterad   
Hello traders!
As per previous posts, we believe the SP500 to be in a primary wave (B) to the upside correcting the donwtrend from January's 2022 top.
Here is the count on the daily time frame:
Price action shows this primary wave (B) unfolding as a double zig-zag. The structure of the last decline from 4194 seems a 3-3-5 that would complete wave B of the last zig-zag, thus providing a setup for trading the last leg up of primary (B) to 4300+.
From a pattern perspective, we can see the bearish wolfe wave target at the main downtrendline in blue.
Will search from long setups lower in the green target box and will update below.
Happy trading!
GMR
Handel aktiv:
giving a first try, vix reached its target.
Entry @3998.1
Handel aktiv:
stop loss on entry.
Monitoring the possibility of a descending broadening wedge.
Handel aktiv:
still in from @3998.1
Trade stängt manuellt:
Kicked out at entry. Now observing
Kommentera:
Targets of Adam and Eve top and Inverse Cup and Handle are at the bottom of target box
Handel aktiv:
restriked @3984.1
Handel aktiv:
stop loss on entry. A short term lower low still possible
Trade stängt manuellt:
megaphone, aiming for a lower low.
Closing at 4010.1 with a gain of 0.7%.
Handel aktiv:
micro count in chart. Green zone has the target for this wave B. A breach of the green zone will increase the probability of a reversal
Handel aktiv:
still long from our greenzone 3950.2@ with stop loss on entry
Handel aktiv:
kicked out at entry. restriked @3947.4
Handel aktiv:
added 3927.1 avg entry @ 3937.2
stop loss 3918 risk 0.7%
Handel aktiv:
stop loss on entry
Handel aktiv:
targets above 4300
Trade stängt manuellt:
Closed at @4040.2 Profit 3.1%
Kommentera:
Staying flat now.. will update in next post
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