As the previous analysis worked exactly as predicted,
SPX500 is eyeing a bullish breakout on the 4-hour chart, with price rebounding from a key support zone near the upward channel's lower boundary, converging with a potential entry area that could ignite upside momentum if buyers defend against dips. This setup suggests a continuation opportunity amid the ongoing uptrend, targeting higher resistance levels with 1:2.5 risk-reward.🔥
Entry between 6860–6890 for a long position (entry at current price with proper risk management is recommended). Target at 7000. Set a stop loss at a daily close below 6845, yielding a risk-reward ratio of 1:2.5. Monitor for confirmation via a bullish candle close above entry with rising volume, leveraging the index's resilience in the channel.🌟
📝 Trade Setup
🎯 Entry (Long):
6860 – 6890
(Entry at or near current levels is valid with proper risk & capital management.)
🎯 Target:
• 7000
❌ Stop Loss:
• Daily close below 6845
⚖️ Risk-to-Reward:
• ~ 1:2.5
💡 Your view?
Does SPX500 defend the channel support and break toward 7000 — or do we see another consolidation before the next leg higher? 👇
Entry between 6860–6890 for a long position (entry at current price with proper risk management is recommended). Target at 7000. Set a stop loss at a daily close below 6845, yielding a risk-reward ratio of 1:2.5. Monitor for confirmation via a bullish candle close above entry with rising volume, leveraging the index's resilience in the channel.🌟
📝 Trade Setup
🎯 Entry (Long):
6860 – 6890
(Entry at or near current levels is valid with proper risk & capital management.)
🎯 Target:
• 7000
❌ Stop Loss:
• Daily close below 6845
⚖️ Risk-to-Reward:
• ~ 1:2.5
💡 Your view?
Does SPX500 defend the channel support and break toward 7000 — or do we see another consolidation before the next leg higher? 👇
交易進行
Trade was activated.The daily candle was not closed below 6845, so it wasn't activated.
交易結束:目標達成
This position was closed in 13 Jan with almost 1:2.5 R/R 相關出版品
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