S&P 500 Pennant breakout
We're in a downtrend and just broke out of the triangle. Price action then bounced back and hit the previous channel low. False breakout? Maybe, but the risk/reward ration is good.
Trade closed: stop reached
Quick and pain free loss.
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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.