Most indices have sold off hard this week. There may be some pull back now as shorts look to exit their position. If the big players limit the supply the shorts will chase price up to close out. If we break down quickly from here we know size players are unwinding some very big longer term positions. This is possible, so manage within 3-4 bars, expect follow through to upside if it's not there cut quickly.
Trade closed: stop reached
After the move up at market close stop was tightened to 14958. Sellers came back into the market today and it was a failure of momentum. Out for -0.14R.
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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.