S&P 500 Short with 4.0 R/R - rejection of OTE
Dear CleanTrades followers
We're looking for a decent short opportunity on the S&P 500 . Price slightly tested OTE already, a clean rejection of our 200-MA on daily basis at $2699 would be another confluence. On the 4hr-chart we clearly rejected 200-MA.
Targeting for Equilibrium of our current leg-up.
Averaged-out-entries: $2670, $2677, $2698 - 33% each
Averaged-entry: $2681
TP1: $2635
TP2: $2598
TP3: $2564
TP4: $2520
Additional TP5: $2510
Stop-Loss: Above 0.79 retracement ($2718) and previous swing-high.
We're looking for a decent short opportunity on the S&P 500 . Price slightly tested OTE already, a clean rejection of our 200-MA on daily basis at $2699 would be another confluence. On the 4hr-chart we clearly rejected 200-MA.
Targeting for Equilibrium of our current leg-up.
Averaged-out-entries: $2670, $2677, $2698 - 33% each
Averaged-entry: $2681
TP1: $2635
TP2: $2598
TP3: $2564
TP4: $2520
Additional TP5: $2510
Stop-Loss: Above 0.79 retracement ($2718) and previous swing-high.
Note
Not enough confluence? Check out the daily RSI approaching trendline-top.Trade active
TP1 hit! Awesome guys, let's move on together. I appreciate all the messages and likes I get.
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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.