SP500 Price channel, RSI and Resistance level SHORT
Dear All,
This idea is based on the few indicators such as: price channel marked in orange, RSI touching the exhaustion levels and obviously the level ATH that we are very close to. My position is short since I don't believe on anything rising without the correction fase and at this pint we had weeks of prise climbing up and no correction, once it happens it will be quite a rough ride fasten your seat belts! The s/l is above the ATH and will be watching the weekly candle bars only if it closes with it's body beyond I will reduce my position and reopen again. The take profit? Well... first of all Fib of 0.5 might be a good place to close half of my position and move the s/l to opening position of the trade this way I would manage my risk and see if the price hits the bottom of the marked channel around 4200
This is just an idea not a trading advise!
This idea is based on the few indicators such as: price channel marked in orange, RSI touching the exhaustion levels and obviously the level ATH that we are very close to. My position is short since I don't believe on anything rising without the correction fase and at this pint we had weeks of prise climbing up and no correction, once it happens it will be quite a rough ride fasten your seat belts! The s/l is above the ATH and will be watching the weekly candle bars only if it closes with it's body beyond I will reduce my position and reopen again. The take profit? Well... first of all Fib of 0.5 might be a good place to close half of my position and move the s/l to opening position of the trade this way I would manage my risk and see if the price hits the bottom of the marked channel around 4200
This is just an idea not a trading advise!
Transaction en cours
Transaction en cours
Trade fermée: ordre d’arrêt atteint
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Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.