S&P500 Sell
Updated
If price manages to pullback slightly upwards to newly formed resistance level , Entry for Sell against trend
Pro's
1. 1H we can see a lower low movement and lower high, signal for a quick down move
2. Price needs to correct down to support level and EMA's
3. The down move can bring the W% below level before the next move up
Con's
1. Against main trend so Risky Trade
2. Price in a corrective move so might move a bit higher than newly formed resistance level
Pro's
1. 1H we can see a lower low movement and lower high, signal for a quick down move
2. Price needs to correct down to support level and EMA's
3. The down move can bring the W% below level before the next move up
Con's
1. Against main trend so Risky Trade
2. Price in a corrective move so might move a bit higher than newly formed resistance level
Trade active
Entry on 15m chart
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