Micro E-mini S&P 500 (4H) – Bearish Breakdown & Pattern Setup
Market Structure & Overview:
The 4-hour chart displays a clear breakdown from a Rising Wedge / Ascending Channel structure, complemented by an ABCD harmonic structure. Price has completed a retest of the broken ascending trendline, confirming bearish pressure and offering a high-probability short opportunity.
Key Technical Factors:
Pattern Breakdown: Break & retest of the lower boundary of the Rising Wedge.
Harmonic Structure: Completion of point D near the top boundary, validating bearish control.
Confirmation: Price Action shows rejection at the retest area around 7,585.
Trade Parameters:
Action: Sell / Short
Entry: 7,585.00 (Break & Retest zone)
Stop Loss: 7,850.00 (Above recent swing high / resistance level)
Price Targets:
First Target (TP1): 7,389.50 (Key horizontal support)
Second Target (TP2): 7,018.75 (Major structural zone)
Third Target (TP3): 6,855.00 (Intermediate support level)
Fourth Target (TP4): 6,625.00 (Demand zone)
Fifth Target (TP5): 6,497.25 – 6,480.00 (Point B demand base / macro target)
Risk Management: Always manage position sizing according to your risk parameters. Protect capital by moving Stop Loss to breakeven once Target 1 is reached.
The 4-hour chart displays a clear breakdown from a Rising Wedge / Ascending Channel structure, complemented by an ABCD harmonic structure. Price has completed a retest of the broken ascending trendline, confirming bearish pressure and offering a high-probability short opportunity.
Key Technical Factors:
Pattern Breakdown: Break & retest of the lower boundary of the Rising Wedge.
Harmonic Structure: Completion of point D near the top boundary, validating bearish control.
Confirmation: Price Action shows rejection at the retest area around 7,585.
Trade Parameters:
Action: Sell / Short
Entry: 7,585.00 (Break & Retest zone)
Stop Loss: 7,850.00 (Above recent swing high / resistance level)
Price Targets:
First Target (TP1): 7,389.50 (Key horizontal support)
Second Target (TP2): 7,018.75 (Major structural zone)
Third Target (TP3): 6,855.00 (Intermediate support level)
Fourth Target (TP4): 6,625.00 (Demand zone)
Fifth Target (TP5): 6,497.25 – 6,480.00 (Point B demand base / macro target)
Risk Management: Always manage position sizing according to your risk parameters. Protect capital by moving Stop Loss to breakeven once Target 1 is reached.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.