First 4H chart:
There was 5 waves move what im looking for now is ABC (at least) correction. Its should bring price to some Fibo level. At least 38,2 but 50 - 61,8 is more possible.
On friday there was bottom of A. So now there will be upper move - below point "5". Lets find where S&P can go on 1h chart.
There are potential levels of wave B - Fibo retracement of wave A. Breaking 78,6 means that its not correction ABC.
Plan is - watching what is going on when price reach each level. If on 1 of levels there will be sell signal on faster DTOSC(8,5,3,3) im moving to 5min chart and looking for sell signal. If both are good i will open position. Than another analysis to get potential targets.
TBH - this is not most propable setup - it will be much better just to wait for ABC correction and catch another move up - risk/reward ratio would be much better. I will do it too - but now i want to show more setups.
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