ES1!The wide range made it difficult for most to determine if we were bullish or bearish. Therefore, I am keeping this trade simple and plan to trade the reversion using the descending channel as my stop loss.
Stop - closed outside of the channel.
Target - bottom of the channel.
Note
Ideal targets to downside: Note
There is a potential 2B pattern in the making. Next week, I will watch the previous Thursday's low and 4180.
Below's Thursday's low - this may potentially reverse and retest 3800
Note
Still bearish and still shorting the S&P500.
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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.