S&P500 [Daily, Long]: Trend continuation
Updated
Market is in an uptrend > 200MA.
There was a volatility contraction (7 candles) on the daily chart with a tight buildup within the wicks of the candles.
Price broke out of the consolidation with volatility expansion.
Entry: Buy limit at 2751.5, previous daily candle close
Stop: 1ATR below the structure of the buildup at 2646
Exit: I will ride this trend until price closes below previous WEEK candle low
There was a volatility contraction (7 candles) on the daily chart with a tight buildup within the wicks of the candles.
Price broke out of the consolidation with volatility expansion.
Entry: Buy limit at 2751.5, previous daily candle close
Stop: 1ATR below the structure of the buildup at 2646
Exit: I will ride this trend until price closes below previous WEEK candle low
Trade closed: stop reached
Hit trailing stop, breakeven
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.