It is a little hard to lay down a road-map for the US Indices given the uncertainties surrounding the whole coronavirus situation, therefore best to break it down piece by piece - week by week.
A little hard to try and guess what will happen in a more longer term horizon.
For now I see a short opportunity as we complete a 1-5 | A-B-C Cycle.
Hypothetical scenario:
(1) Entry @ $23,786.00 (Sell Limit)
(2) Stop Loss @ $24,287.00 | 501 points
(3) Target @ $22,921.00 | 865 points
(4) R:R = 1:1.72
Stay tuned for the updates.
Follow and leave a like if you liked this idea and want to see more!
*DISCLAIMER*
This post is solely for educational purposes and does not constitute any form of investment / trading advice.
A little hard to try and guess what will happen in a more longer term horizon.
For now I see a short opportunity as we complete a 1-5 | A-B-C Cycle.
Hypothetical scenario:
(1) Entry @ $23,786.00 (Sell Limit)
(2) Stop Loss @ $24,287.00 | 501 points
(3) Target @ $22,921.00 | 865 points
(4) R:R = 1:1.72
Stay tuned for the updates.
Follow and leave a like if you liked this idea and want to see more!
*DISCLAIMER*
This post is solely for educational purposes and does not constitute any form of investment / trading advice.
Trade active
Note
Closing 75% - SL to break-evenTrade closed: target reached
Full target hit!
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.