Hello traders.
My long term forecast on SP500 is huge drop as monthly 4th wave. That's why I can't miss any chance of taking short trades. This is one of these aggresive entries. I have a pending order below previous bottom and witing for a correction at the same time. I hope it make a correction, so I can find better entry, otherwise my pending order will be triggered, if it goes down.
If you think this is a valid forecast and good trade setup, please hit the like button.
I appriciate that if you leave a comment and let me know what do you think about this idea.
Trade with care...
My long term forecast on SP500 is huge drop as monthly 4th wave. That's why I can't miss any chance of taking short trades. This is one of these aggresive entries. I have a pending order below previous bottom and witing for a correction at the same time. I hope it make a correction, so I can find better entry, otherwise my pending order will be triggered, if it goes down.
If you think this is a valid forecast and good trade setup, please hit the like button.
I appriciate that if you leave a comment and let me know what do you think about this idea.
Trade with care...
Dagangan aktif
Nota
Stop loss at the break even.Nota
If it makes a running flat, correction might be over at 0.500 and 1.272 confluence. So, it can reverse from here and make a new high, or keep falling for expanding flat or just fall as next down impulse. I closed half of my trade.Nota
Take another short trade after the breakout.It can be a risky trade. I will use 0.5% risk for this trade.
I already have a short from the top.
Nota
It is too early to say but I think a running/expanding flat is in the making for more down side. Nota
It is still not clear. If it drops to 0.786 retracement, I will close my trade. Nota
I'm still expecting a drop either as C wave or next down impulse. Then I will start to move the stop-loss to positive levels.Nota
Nota
Sorry, I didn't update for a while. I moved my stop-loss to 2690.Nota
I have placed another entry order. Its stop-loss is the same price as the active trade.Nota
Half of the first trade made almost 1% profit. Its other half made almost 1% profit as well and second trade loss 1%. So, almost breakeven.
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Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.