I can't tell exactly which one if these two will be the entry just yet, but it will be one of them. I see that SPX Should be trending down for most of the after noon. If that is the case it should make it's turn around between 11 am - 1p.m. Eastern time, and that's when it should enter the price of 3847-3837 possibly getting to 3825 before turning bullish. There are somewhat equal highs above between 3900 and 3915 that ot wants to aim for and take out the liquidity resting above that. So just beware if this price continue to fall.
Trade active
It was 3847. enter now if you haven't.Note
Stop loss 3823 Take Profit 1 - 3900, Take Profit 2 - 3915, Take Profit 3 - 3939Note
I personally entered at 3850, Just FYI. I waited for the bounce at 3847 to see if it was going to push lower toward 3837 and I didn't think it was so I entered after it bounced at 3847 and hung around for a second.Note
Should've waited, it was 3837 for the entry....Trade active
Took some profit at 3867 just to have a little payment in the bag. moved the stop loss up.Trade closed: target reached
Closing what I have left. It looks like momentum is shifting and I'd rather take the little left I have as a profit.
You're either trading with Smart Money Theory or your just burning your money money. Believe me, I've been there.
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You're either trading with Smart Money Theory or your just burning your money money. Believe me, I've been there.
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.