Trading Idea 002: S&P500
Market Conditions:
- trend reversal
- bullish sentiment in the market
Key Level and Lines:
- $4015.4 resistance
Trading Ideas:
- go long after a consolidation above $4000
- a false breakout and bearish sentiment in the market = trade opportunity for shorting.
- trend reversal
- bullish sentiment in the market
Key Level and Lines:
- $4015.4 resistance
Trading Ideas:
- go long after a consolidation above $4000
- a false breakout and bearish sentiment in the market = trade opportunity for shorting.
Note
Plan A failed. The long position was closed by stop. Plan B activated a short trade. for this, we used a false breakout signal above the resistance.
The price reached the 1st profit target = 1:3 r/r ratio.
Trade closed: target reached
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💰COPY MY TRADES FOR FREE! Join 👉 bit.ly/41DKDBD
📣 Get Welcome Bonuses for 1st Trade 👉 bit.ly/bonus_bybit
💎 Share My BEST Trades here 👉 bit.ly/wubits
📣 Get Welcome Bonuses for 1st Trade 👉 bit.ly/bonus_bybit
💎 Share My BEST Trades here 👉 bit.ly/wubits
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.