US500 2910.7 -0.6% SHORT IDEA

12 May 2020

GOOD DAY TRADERS

HERE'S A SHORT IDEA ON THE S&P500 WITH FEARS OF THE SECOND WAVE OF THE COVID-19 VIRUS STILL IN THE AIR WE SAW BEARS COMING INTO PLAY.

> US500 JUST TOUCHED 61.8 FIBONACCI LEVEL ON THE DAILY CHART AND A NICE BEAR CANDLE HAS FORMED
> IF WE TRADE BELOW THE 1 FIBONACCI EXTENSION ON THE 4H THIS WOULD BE ANOTHER SIGNAL FOR A SELL

TARGETING 78.6 % FIB EXTENSION AND 61.8% FIB EXTENSION


RISK MANAGEMENT
ENTRY - SELL ORDERS / MARKET EXECUTION
PERIOD - SWING

12 May 2020

İşlem aktif

13 May 2020

İşlem aktif

ADJUST STOP TO SWING HIGH