Bearish Elliot Wave Formations.

١٤ أكتوبر ٢٠٢٣

If SPX is setting up to break, it can not be said to be subtle.

Those caught out would have to be looking at the market through bull tinted spectacles or choosing to ignore classic patterns that have worked so well in previous breaks.

Added to the collection of bull trap warnings, here's the Elliot Waves. Signalling a short entry last week.

-

-

١٧ أكتوبر ٢٠٢٣

ملاحظة

Looks like wave 1 and 2 in.

Big one comes now if this is right.

١٩ أكتوبر ٢٠٢٣

ملاحظة

Strong down trend supports wave 3 thesis.

١٩ أكتوبر ٢٠٢٣

تم إغلاق الصفقة يدويًا

Looks like it will fail. Out shorts now.

١٩ أكتوبر ٢٠٢٣

تم فتح الصفقة

Okay back in. Was worried about a spike. It came. Back in around a retest of where I exited.

٢٣ أكتوبر ٢٠٢٣

تم فتح الصفقة

Adding more shorts. If the big wave 3 is going to hit it's coming soon.

٢٥ أكتوبر ٢٠٢٣

ملاحظة

Stops trailed to 4207.

Staying in so long as the trend is consistent.

٢٧ أكتوبر ٢٠٢٣

ملاحظة

Very proactively trailing stops as we get close to the wave 3 target.