Greetings Traders
Here we have the SPX chart with an Andrews Pitchfork off the three most recent monthly pivots, up to the ATH
We also have a fib retracement
I have scaled the chart
We can see price is currently consolidating after having completed a 50% retracement from the ath.
Time has been squared with price for the duration of the move.
We are currently finding support on the 0.382 retracement and attempting to break up from the Gann Fan
But moreover, there is huge support from the GEOMETRIC MEDIAN
I am personally long risk with a target of 5k spx
PLEASE NOTE THIS IDEA IS FOR EDUCATION ON THE PRINCIPLES OF MARKET GEOMETRY AND IS NOT A TRADE RECOMMENDATION
Here we have the SPX chart with an Andrews Pitchfork off the three most recent monthly pivots, up to the ATH
We also have a fib retracement
I have scaled the chart
We can see price is currently consolidating after having completed a 50% retracement from the ath.
Time has been squared with price for the duration of the move.
We are currently finding support on the 0.382 retracement and attempting to break up from the Gann Fan
But moreover, there is huge support from the GEOMETRIC MEDIAN
I am personally long risk with a target of 5k spx
PLEASE NOTE THIS IDEA IS FOR EDUCATION ON THE PRINCIPLES OF MARKET GEOMETRY AND IS NOT A TRADE RECOMMENDATION
