{lang: 'en-US'} S&P500 Futures H4 Trading Plan Idea ~ ElliottFxTrader Blog

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Tuesday, 27 November 2012

S&P500 Futures H4 Trading Plan Idea

Rationale:
So far no new high on SP500 Futures and it looks this impulsive wave (a) has topped and now market might be forming a flat correction wave (b). If it is, the price should turn down to previous wave a area.

Entry:
Sell limit @ 1405
SL: 1407.50(or any new high)
TP: min.1395
R/R: 5:1

Take care,
Seb


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