Indice S&P 500Short
Inside pin bar: powerful signal
Last Friday an inside bar formed that was also a bearish pin bar with resistance holding prices down. There was both dynamic resistance of the 8 EMA as well as a strong horizontal level.
I di not take this trade, but I planned it out to see if the signal would play out.
It did play out.
Notice that yesterday a bullish pin bar formed, suggesting that buyers came back into the market. However, today sellers took over control again and pushed the price below yesterdays low.
This signals a high probability for more downside.
Buckle up!
I di not take this trade, but I planned it out to see if the signal would play out.
It did play out.
Notice that yesterday a bullish pin bar formed, suggesting that buyers came back into the market. However, today sellers took over control again and pushed the price below yesterdays low.
This signals a high probability for more downside.
Buckle up!
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.
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.