S&P500 Short Idea.
A " Bearish Pennant" has developed from that fast action yesterday. I see this pattern is struggling to break above a 61.9% Fib, a pivot point, 55 & 34 EMA's, previous resistance area (subjective). I think you can squeak out a 2:1 here before hitting previous support or the S2 pivot. Simple clean analysis. 1% risk, 2:1RR - Happy Trading!
Trade closed: target reached
a sumptuous trade indeed.
I moderate a small community 4 traders, analyzing weekly charts, and discussing trade setups. Focusing on psychology.
I moderate a small community 4 traders, analyzing weekly charts, and discussing trade setups. Focusing on psychology.
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