Fibtree

Here is the DRPO fail shown in detail!

Short
FX:SPX500   S&P 500 Index
2
Should we get a CLOSE above the 0.618 level of the high from the second penetration of the 3x3 to the low of the candle that confirmed the DRPO, it is invalid. Since this is a monthly DRPO the close would also need to be monthly close!!!

Expect this area to be tested before the real fall starts!! This could be ideal entry leve!! So sell the test of 2000 at the latest to not miss this train, if it starts...
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.