Hi traders,

Last week S&P500 went up very impulsive which invalidated the Triangle pattern.

It looks like wave 4 was a running Flat and price is now in (red) wave 5. So we could see more upside.

Let's see what the market does and react.

Trade idea: Wait for a correction down and a bullish change in orderflow on a lower timeframe to trade longs.

This shared post is only my point of view on what could be the next move in this pair based on my technical analysis.
But I react and trade on what I see in the chart, not what I've predicted or expect.

Manage your emotions, trade your edge!

Eduwave