Decision time for SPX500USD

٧ سبتمبر

Hi traders,

Last week SPX500USD made a big move down into the Daily FVG.

For next week we could this pair go up from here to finish the last impulsive leg (wave 5).
But if it closes below the Daily FVG we could see more downside.
So next week is decision time.

Trade idea: Wait for a change in orderflow to bullish and a small correction down on a lower timeframe to trade longs.
Or wait for the close below the Daily FVG on the Daily timeframe and trade shorts after a correction up.

If you want to learn more about wave analysis, please make sure to follow me, give a like and respectful comment.

This shared post is only my point of view on what could be the next move in this pair based on my analysis. I do not provide signals.

Don't be emotional, just trade!

Eduwave