SP500 Swing High - Short opportunity

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Simple short trade setup. Seeing resistance at the 2272 level, let's see if it works again.

Look for an hourly bar to close below the green line - breaking the inside bar setup - and enter short. Use lower timeframes if you prefer to refine your entry.

Target lower red line initially, but beyond that look for new lows. There's a good case that a reversal is due on longer timeframes too, so could turn into a great entry if well managed.
Dagangan aktif
Trade triggered, short open
Dagangan aktif
That's a nice move, lock in some profit or make sure your stop at breakeven at least here.
Nota
see price has come back up to the break level and seems to find resistance, another opportunity to get short here if you see the right kind of bearish price action at the 2268 level.
Nota
So there have been profits in shorts, but not really what we were looking for, and price has broken out and made new ATH. Not hugely convinced by it, as the end of week unwinding brought us back down below the previous high. Bounces at the top (or even the bottom) of the channel here should set up further bull moves.

A failure to hold the new highs obviously will set up short opportunities, but as a bear you need to not be stubborn here , and be patient enough to wait for smart entries... fading strength at the right levels.
Nota
Still to break back into the channel properly, and the uptrend of 2017 remains intact, but we're also close to breaking it, so just keep a close eye on the price, especially at US open in 90 mins.
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