Spy analysis 5/3 with sample trade!
Here is a possible trade idea with high R:R,
ES completed its 5 wave structure to the downside (it may still go further down wards before ABC reversal), which will be one last liquidity grab before the market goes down significantly (wave 3).
The waves I drew are not precise but just an idea of how the market structure may move. As you know you can never predict with 100% certainty and have bias towards an idea, I end my trade as soon as it hits stop loss.
ES completed its 5 wave structure to the downside (it may still go further down wards before ABC reversal), which will be one last liquidity grab before the market goes down significantly (wave 3).
The waves I drew are not precise but just an idea of how the market structure may move. As you know you can never predict with 100% certainty and have bias towards an idea, I end my trade as soon as it hits stop loss.
כתב ויתור
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