hi traders,
Let's have a look at SPY on 1h time frame.
As we can see the price created a double bottom and with the catalyst (Trump paused tariffs), the price pumped 11%.
It's approaching the resistance area and bulls are not out of the woods yet.
I expect a short-term pullback.
RSI is very overbought in 15 15-minute time frame which confirms this thesis.
Entry, target, and stop loss are shown on the chart.
Risk-reward ratio: 3,13
Let's have a look at SPY on 1h time frame.
As we can see the price created a double bottom and with the catalyst (Trump paused tariffs), the price pumped 11%.
It's approaching the resistance area and bulls are not out of the woods yet.
I expect a short-term pullback.
RSI is very overbought in 15 15-minute time frame which confirms this thesis.
Entry, target, and stop loss are shown on the chart.
Risk-reward ratio: 3,13
Trade active
Short position active.Pullback expected soon
💥 Free signals and ideas ➡ t.me/vfinvestment
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.
💥 Free signals and ideas ➡ t.me/vfinvestment
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.