S&P 500 IndexLong
W pattern In SPX Daily.
Updated
Fellow traders! We have a "W" or double bottom pattern on the daily in SPX Oanda.
Call it what ever you want, I call it UP.
Best we can to as traders is to confide in our charts and call out what you see. Right or wrong , as long as you are right 60% to 80% or higher you are making CASH $$$. Markets are by design to throw you around the room and for a loop from time to time so just be patient.
Let's see if money is to be made with this pattern.
5404.5 to start.
5493 area if we break from 5404 area.
Trade with patients and trade like a machine, not with emotion. Stick to a plan and set a stop behind your profits at all times. Use a parabolic sar or just below a 10ma as a line in the sand for a stop point.
Best of luck in all your trades .
Call it what ever you want, I call it UP.
Best we can to as traders is to confide in our charts and call out what you see. Right or wrong , as long as you are right 60% to 80% or higher you are making CASH $$$. Markets are by design to throw you around the room and for a loop from time to time so just be patient.
Let's see if money is to be made with this pattern.
5404.5 to start.
5493 area if we break from 5404 area.
Trade with patients and trade like a machine, not with emotion. Stick to a plan and set a stop behind your profits at all times. Use a parabolic sar or just below a 10ma as a line in the sand for a stop point.
Best of luck in all your trades .
Note
Target area has been reached.
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