SPX500 Update to Sell IDEA (L taken)
Updated
To go over my thought process with this trade -- I realized We are going over those highs -- We had 3 distinct BSL zones look intreaguing -- The funny part is my Initial Entry that I was targetting ALL ALONG was correct..
This is the trade I am currently in targetting 3628.75.
-- SL NOW AT BE
- We had distinct lows all 3 were higher lows than the other..
However, today we broke the previous low from MIDNIGHT EST at 9:40AM right before the news came out.
We come to take all the Internal liquidity created within NY session to then continue the sell.
We had a Breaker and FVG waiting to get tagged as well as the Breaker from the previous low that was taken earlier this week as resistance.
There are other confluences I just can't think of them at the moment but will add any notes or anything interesting below this thread.
This is the trade I am currently in targetting 3628.75.
- We had distinct lows all 3 were higher lows than the other..
However, today we broke the previous low from MIDNIGHT EST at 9:40AM right before the news came out.
We come to take all the Internal liquidity created within NY session to then continue the sell.
We had a Breaker and FVG waiting to get tagged as well as the Breaker from the previous low that was taken earlier this week as resistance.
There are other confluences I just can't think of them at the moment but will add any notes or anything interesting below this thread.
Trade closed: target reached
tp1 & tp2 both hit, 1 contract left with TP at 3628.75Note
If target is not reached before Market closes I'm just getting out of the trade, SL @ BE.Note
There is a possibility for a reversal here as well -- I always keep an open mind when trading bc anything can happen. But always remember we also have those highs above -- Since it is Friday they could still reverse price one more time to take out BSL. Will not remove myself from the position tho just bc of the possibility, will keep/stay with my bias until it is invalidated.Trade closed: target reached
All 3 TP's hit - -Even targeted a lower low (3612) that I was expecting but closed early due to it being friday. 
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.