The S&P has hit a lot of resistance as of late, monthly pivots, weekly pivots, reversal candle patterns. I'm looking for a pullback up to the 50% of the current move (which I use as confirmation of direction), being just below the weekly pivot, a nice 2:1 risk reward, I do see a roadblock of the trend-line (showing) and the next major support (highlighted in blue) -Happy Trading
Trade closed: target reached
I moderate a small community 4 traders, analyzing weekly charts, and discussing trade setups. Focusing on psychology.
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.
I moderate a small community 4 traders, analyzing weekly charts, and discussing trade setups. Focusing on psychology.
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.