H4 ovn double red, 2nd exceeding first. SL to the gap. Risk comes from lack of confirmation by lower lows. However the index clocked in at several momentum targets top. Therefore a potential initial sign of turn down.
Target R1, unless more down momentum occurs during the day.
Target R1, unless more down momentum occurs during the day.
Trade closed: stop reached
Appears all retail trader wanted short and market found its way back into the gap where the short stop was placed. Improvement potential is to put stop loss right to the top instead of the gap. However for reasons of staying flexible the sl was placed with less distance.
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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.