SPY
Spy support and resistance and levels to trade mentioned in chart ,as trend and sturcture is uptrend any dip to support levels with positive price action go long 433 is last swing low which made highest swing high if price breaks 433 below sustains that will be change of character to bearish .
Levels to trade 439 area,436 area ,433 area rest wait patience is important to make money make let the price come to you.
Trade active
436 area 3Min tf found douple top entry short target till next support or near to itNote
Stopped out will look another entry Note
One more attempt to short at 439 area it broke trend line in 1 min tf and previous supply zone Note
Got me twice today i would have in profits if closed early on both trades but respected my set up one win can get back those lost points Note
Trade active
so far up and running good Trade active
Note
booked 80 percent rest left running at $2 profitTrade closed: stop reached
treade closed in green rest of 20 percent closedNote
Friday anlysis of chart , Since we have expansion in previous session today expected to contraction day a range day ,Initial balace trade strategy ,we got two entries one at double bottom to long til day high and second at double top at high till day low then day low breaks to next support level target.
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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.