I'm not a pattern trader. So, I won't take this trade, but I like to share it for those, who can trade patterns or like to look this chart in terms of correlation with SPX500. There is a potential Gartley Pattern. I believe the target shouldn't be 0.382 or 0.618 retracement of down move. Because there is a chance for one more up impulse in order to create a regular flat correction. After that, I believe that I will fall like a rock. Here is my long-term forecast:
If you think this is a valid forecast and good trade setup, please hit the like button and share. I appreciate that if you leave a comment and let me know what do you think about this idea.
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.