I'm long-term bearish on the S&P, but this upward retracement I don't want to miss/
Why to buy: Prices bounced of key support areas which are bronze colored lines in the chart. If you want to validate, check the chat at the weekly, it's a clearer view of support level intact-with a bullish hammer.
When to enter: I'm expecting to pull back near the support area.
When to exit: On next resistance which is confluent with 61.80% fibonacci target. Or exit in case market conditions change at the middle of the trade.
Why to buy: Prices bounced of key support areas which are bronze colored lines in the chart. If you want to validate, check the chat at the weekly, it's a clearer view of support level intact-with a bullish hammer.
When to enter: I'm expecting to pull back near the support area.
When to exit: On next resistance which is confluent with 61.80% fibonacci target. Or exit in case market conditions change at the middle of the trade.
Note
Prices currently hovering around our entry zone, wait for bullish candle signalsTrade active
Entered long, let's swing this up.
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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.