SP500 Futures Short September Pullback Falling Wedge 4400 Target
I am in short at 4516.25 with my stop at 4550 above the swing high. Target is 4415 just slightly above 4400.
A 3 to 1 using only 1 MES. Risking 170.00 for 500.00 potential.
I am basing this trade off of June 1967 as it is identical in nature. I believe we are in the top portion of the falling wedge and price should not come back up here until October where I am anticipating a breakout to new highs.
I want to take 100 points short going down before I try to take 200 points long in October.
A 3 to 1 using only 1 MES. Risking 170.00 for 500.00 potential.
I am basing this trade off of June 1967 as it is identical in nature. I believe we are in the top portion of the falling wedge and price should not come back up here until October where I am anticipating a breakout to new highs.
I want to take 100 points short going down before I try to take 200 points long in October.
Nota
Setup in June 1967
Dagangan aktif
I accept I could always be wrong but I see an opportunity to go short. I expect this trade, if successful, to last about 3 weeks
Nota
Dagangan ditutup secara manual
I closed the trade earlier than was supposed to because it was a counter trend play. I closed it at the daily 21ema at 4465.00 at around a 2 to 1. I am happy with my results. As I am writing this the market gapped up a whopping 50 points back to my break even. I guess I made the right call at that point
Penerbitan berkaitan
Penafian
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Penerbitan berkaitan
Penafian
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.