Short
InvestMate|S&P500 Time for correction
📉S&P500 Time for correction.
📉Quick play.
📉S&P500 has made beautiful upward imupls since October 13.
📉In between times we have only made one significant correction.
📉 Looking at the current price action situation it looks like it would be advisable to make a correction here in order to talk about the continuation of the uptrend in the future.
📉 Assuming an entry at the current price level and setting a stop at 3886 and a take profit at 3735, we come up with a risk/reward ratio of 1.1.
Considering that the execution of a correction at this point is highly probable I consider this a good opportunity.
🚀If you appreciate my work and effort put into this post I encourage you to leave a like and give a follow on my profile.🚀
📉Quick play.
📉S&P500 has made beautiful upward imupls since October 13.
📉In between times we have only made one significant correction.
📉 Looking at the current price action situation it looks like it would be advisable to make a correction here in order to talk about the continuation of the uptrend in the future.
📉 Assuming an entry at the current price level and setting a stop at 3886 and a take profit at 3735, we come up with a risk/reward ratio of 1.1.
Considering that the execution of a correction at this point is highly probable I consider this a good opportunity.
🚀If you appreciate my work and effort put into this post I encourage you to leave a like and give a follow on my profile.🚀
Trade closed: target reached
got it!Trade closed manually
The price has only reached the support zone, not the targetTrade active
Update:
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💲 To keep up to date with all my activities I invite you to visit my Telegram 💲
💲 t.me/Investmatez 💲
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💲 To keep up to date with all my activities I invite you to visit my Telegram 💲
💲 t.me/Investmatez 💲
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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.