Good day fellow merchants,
As our members know we’ve got had many advantageous buying and selling setups lately. On this technical article, we’re going to current one other Elliott Wave buying and selling setup we bought in S&P 500 Index . SPX accomplished this correction exactly on the Equal Legs zone, known as the Blue Field Space. Within the following sections, we’ll delve into the specifics of the Elliott Wave sample noticed , talk about the buying and selling setup and current targets.
SPX Elliott Wave 4 Hour Chart 11.18.2025
The present view means that SPX is forming a Double Three correction (WXY pink) . The worth motion is reaching blue field at 6577.688-6395.668 the place we wish to re-enter as patrons. We advocate members to keep away from promoting SPX . As the primary pattern stays bullish, we anticipate not less than a 3-wave bounce from this Blue Field space. As soon as the value touches the 50 fibs in opposition to the X pink connector, we’ll make positions risk-free and set the cease loss at breakeven and ebook partial earnings. On different hand, breaking under the 1.618 Fibonacci extension stage at 6395.668 would invalidate the commerce.
Official buying and selling technique on commerce 3, 7, or 11 swing and equal leg is defined in particulars in Instructional Video, out there for members viewing contained in the membership space.
Fast reminder on the best way to commerce our charts :
Pink bearish stamp+ blue field = Promoting Setup
Inexperienced bullish stamp+ blue field = Shopping for Setup
Charts with Black stamps should not tradable. 🚫
SPX Elliott Wave 1 Hour Chart 11.27.2025
The index has discovered patrons within the anticipated Blue Field. SPX is now displaying a stable bounce from this key Shopping for Zone. The present response has reached the 50% Fibonacci stage relative to the X‑pink connector. In consequence, any lengthy positions initiated from the Blue Field ought to now be thought-about risk-free. Our cease loss has been moved to breakeven, and we’ve already locked in partial earnings.
We think about the correction accomplished on the 6523 low. So long as SPX stays above this stage, the index has potential to focus on the 7013+ space subsequent.
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