Setup: The index collapsed following the global economic meltdown. We are currently seeing a possible retest of the 38% fib level after being rejecting at the 50% level, indicating weakness in the buying forces in the markets.
Trade: Selling the index at the current level, setting the SL slightly above the last high at the 50% fib, and the TP at the corresponding -61.8% level.
Trade: Selling the index at the current level, setting the SL slightly above the last high at the 50% fib, and the TP at the corresponding -61.8% level.
Trade active
Moved SL to BE
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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.
Disclaimer
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.