Back to our previous trade shor SPX500 from yellow zone and we won some profits.
Now you should note that the price has tested 2085 level for three times. More interesting thing is now the price has formed a double head and retrace back to 0.786 level.
For educational purpose, the 2085 can be taken as a neckline with double head formed. The people who shorted from yellow zone before still can hold your trade and wait for more time. My understanding is the NFP data is terrible so we foresee a lot of money will come out of US stock market recently.
Now you should note that the price has tested 2085 level for three times. More interesting thing is now the price has formed a double head and retrace back to 0.786 level.
For educational purpose, the 2085 can be taken as a neckline with double head formed. The people who shorted from yellow zone before still can hold your trade and wait for more time. My understanding is the NFP data is terrible so we foresee a lot of money will come out of US stock market recently.
Comment:
Half position took profit around 2086, half has moved SL to entry which were hit by market today.
