S&P 500 IndexLong
Harmonic 5-0 forming?
Hi All.
The crowd continues to pump the market up and I don't expect a real huge drop until everything "back to normal" after Coronavirus outbreak.
For now it seems a 5-0 harmonic pattern is forming with the buy zone between 0,50 and 0,786 of the leg BC, from 3830 to 3770
My target is 4080 (descending broadering wedge target) and then 4130 (1,618 extension of march 2020 fall)
Comments are welcome.
Not a trade advice.
The crowd continues to pump the market up and I don't expect a real huge drop until everything "back to normal" after Coronavirus outbreak.
For now it seems a 5-0 harmonic pattern is forming with the buy zone between 0,50 and 0,786 of the leg BC, from 3830 to 3770
My target is 4080 (descending broadering wedge target) and then 4130 (1,618 extension of march 2020 fall)
Comments are welcome.
Not a trade advice.
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