S&P500 Short: Stop loss above 5572
I have identify 3 resistances that created a resistance zone:
1. Semi-tangible: Fibonacci Retracement level of 78.6% of Primary Wave 1
2. Tangible: Intermediate wave 2 of Primary wave 1 price resistances
3. Intangible: Wave C = 1.618xWaveA of Primary Wave 2
The risk-reward ratio looks good for shorting.
1. Semi-tangible: Fibonacci Retracement level of 78.6% of Primary Wave 1
2. Tangible: Intermediate wave 2 of Primary wave 1 price resistances
3. Intangible: Wave C = 1.618xWaveA of Primary Wave 2
The risk-reward ratio looks good for shorting.
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