S&P 500 IndexShort
SPX-500: Waiting for reversal daytrade signal
In the H1 chart, we can see that the price is in a very strong bullish momentum,
Since the price is in records I preferred to wait for a reversal opportunity.
If the price will break down the confirmation zone it will be the signal for the reversal opportunity.
If that happened I'll look for a price action setup to sell SPX500 as an intraday trade.
The first target will demand level - 1 and the final target will be demand level - 2.
Since the price is in records I preferred to wait for a reversal opportunity.
If the price will break down the confirmation zone it will be the signal for the reversal opportunity.
If that happened I'll look for a price action setup to sell SPX500 as an intraday trade.
The first target will demand level - 1 and the final target will be demand level - 2.
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The5ers Funding Forex Traders & Growth Program. Get Funded with up to $2.56M
We Trade Forex - Come Join Us!
the5ers.com
We Trade Forex - Come Join Us!
the5ers.com
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.