Hello again Traders
🧐 Market Overview:
The S&P is forming a rising wedge on the 1H chart. I don’t usually trade this pattern, but with the price approaching the wedge top, I see a potential short opportunity worth a small risk.
On the 4H chart, there’s an even larger rising wedge at play. My instinct is still that this could turn into a fake-out, so I’m monitoring lower timeframes for short setups that align with the bigger picture.
📊 Trade Plan:
Risk/Reward: 9.45
Entry: 6 621.4
Stop Loss: 6 631.0
Take Profit 1 (50%): 6 546.2
Take Profit 2 (50%): 6 487.4
🙏 Thanks for checking out my post!
Make sure to follow me to catch the next idea and please share your thoughts – I’d like to hear them.
📌 Please note:
This is not financial advice. This content is to track my trading journey and for educational purposes only.
🧐 Market Overview:
The S&P is forming a rising wedge on the 1H chart. I don’t usually trade this pattern, but with the price approaching the wedge top, I see a potential short opportunity worth a small risk.
On the 4H chart, there’s an even larger rising wedge at play. My instinct is still that this could turn into a fake-out, so I’m monitoring lower timeframes for short setups that align with the bigger picture.
📊 Trade Plan:
Risk/Reward: 9.45
Entry: 6 621.4
Stop Loss: 6 631.0
Take Profit 1 (50%): 6 546.2
Take Profit 2 (50%): 6 487.4
🙏 Thanks for checking out my post!
Make sure to follow me to catch the next idea and please share your thoughts – I’d like to hear them.
📌 Please note:
This is not financial advice. This content is to track my trading journey and for educational purposes only.
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.