Hi all,
It has been a while since we posted as we waited for a really good trade setup. The SPX is hovering at 5500 and we believe it is the right level to sell.
1) There is a shark pattern at this level
2) RSI is overbought on every time frame except H4 and D1
3) There are smaller patterns to sell
4) There is very strong structural resistance at 5510 to 5520
The first target will be 5306 which has a great risk to reward of 1:5.
We will wait for M15 divergence and a trend line break to enter.
It has been a while since we posted as we waited for a really good trade setup. The SPX is hovering at 5500 and we believe it is the right level to sell.
1) There is a shark pattern at this level
2) RSI is overbought on every time frame except H4 and D1
3) There are smaller patterns to sell
4) There is very strong structural resistance at 5510 to 5520
The first target will be 5306 which has a great risk to reward of 1:5.
We will wait for M15 divergence and a trend line break to enter.
Trade ativo
This trade is very much active. Shorted at 5520 with a 50 pip stop loss and hoping for a big dropTrade fechado: objetivo atingido
We are seeing M15 oversold with a pattern to buy so will take profit on half the position
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Publicações relacionadas
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.