Hello Everyone. I want share my idea about S&P 500 which will be signal for next week.
After Some pretty bearish momentum we got rejection from daily support. i think S&P will continue fall and i will try to catch that moment, for that i identify liquidity swings which gave me perfect entry area after used my Fibonacci levels, Fibonacci 78.60LVL and daily resistance is same place, trend what i see is still bearish, for that i decide to short it from That zone.
Here is my setup for my trading signal.
Open Short Position - 4332.1
Stop loss - 4358.00
Take Profit - First target at 4238.3 if it will reach then i will trail my stop loss at the Level.
Always Manage your own risk and make your own research!!!
After Some pretty bearish momentum we got rejection from daily support. i think S&P will continue fall and i will try to catch that moment, for that i identify liquidity swings which gave me perfect entry area after used my Fibonacci levels, Fibonacci 78.60LVL and daily resistance is same place, trend what i see is still bearish, for that i decide to short it from That zone.
Here is my setup for my trading signal.
Open Short Position - 4332.1
Stop loss - 4358.00
Take Profit - First target at 4238.3 if it will reach then i will trail my stop loss at the Level.
Always Manage your own risk and make your own research!!!
Trade active
I am in!!!Note
Stop Trailed to 4344.00!!!Trade closed: target reached
Target HIT!!!
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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.
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.