The S&P500 bounced half-way back from the range-expansion down day it had on Friday and then backed away from that advance.
The setup for this trade is for a downtrend to be in effect, which it is. Next is to look for a rally to the mid-point of a range-expansion down day, which happened today.
The target is the low on Friday and the stop is the close on Thursday. Risk = Reward at 208.78 entry level.
Probability of a WIN is > 65%.
Cheers.
Tim
The setup for this trade is for a downtrend to be in effect, which it is. Next is to look for a rally to the mid-point of a range-expansion down day, which happened today.
The target is the low on Friday and the stop is the close on Thursday. Risk = Reward at 208.78 entry level.
Probability of a WIN is > 65%.
Cheers.
Tim
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Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Subscribe to my indicator package KEY HIDDEN LEVELS $10/mo or $100/year and join me in the trading room KEY HIDDEN LEVELS here at TradingView.com
İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.