Long
US500 Buy Position
I have bought a position on S&P500 based on strong uptrend and price action on the 4 hour chart. As you can see in the screen below I have highlighted a bullish pinbar at a unique level in the market. Price dipped into a psychological level and was then rejected. The next candle hunted some stops below the tail, shortly after that is when I saw the setup and entered. I am expecting the US500 to go up.
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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.