Short

SPX500 Short Setup - Technical retracement

Updated

Price has been moving up without a sizable retracement, the movement is roughly in line with AB=CD pattern where the retracement or reversal happens at the end of the CD leg.

Good time to short, fanstic r/r at around 4402 take profit. Safe takeprofit at around 4495.27.

Good luck

Trade active

entered 4550.57

Trade closed: stop reached

strong rally

Note

once again the stoploss prove to be good. would lose so much more if no stoploss

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