SXP looks like a complete count to me, expecting a heavy retrace

19 Apr 2021

I see a complete count with ending geometry with an SFP and targets made, i expect a retrace of 50% at least from the high. Plenty of resistance on twitter to these counts, this often shows new buyers not familiar with trading and risk management, uncomfortable with somebody on the other side of the trade, I look for this at points of reversal in trending markets Not yet short but hoping to get another opportunity.