Hello traders.
Another short trade setup in SPX500. My short term expectation is a down move to 2490 because the structure between yellow lines looks like a correction and there is a strong Fib confluence at 2490. There is a chance for a much bigger drop but I think it will go up one more time first and create a running flat before it falls.
Another short trade setup in SPX500. My short term expectation is a down move to 2490 because the structure between yellow lines looks like a correction and there is a strong Fib confluence at 2490. There is a chance for a much bigger drop but I think it will go up one more time first and create a running flat before it falls.
Trade active
And it doesn't look good. I hope it will come down one more time before it breaks the previous top.Trade closed manually
It broke the previous top and structure has changed. I closed my trade at breakeven.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.