S&P 500 IndexLong
SPX Pull Back, ready for Continuation!!!
Updated
Simple Entry. Just wait on your LTF Confirmation to Entry
Price is bullish on the Weekly, Daily & H4 ,
Price is currently retracing to 1) Previous structure high, 2) Previous Resistance>support 3) Daily lvl, 5863, 4) 50% lvl (Not a prz)
This is a prime zone for continuation.
All Time frames are Bullish in Trend except H1. Wait for H1 to return and confirm bullish trend to enter Trade
Ideal Entry will be around the 5,888 Mark,
SL at 5839
TP1: 6,010
Stretch Goal: 6,476
Concepts used.
Price is bullish on the Weekly, Daily & H4 ,
Price is currently retracing to 1) Previous structure high, 2) Previous Resistance>support 3) Daily lvl, 5863, 4) 50% lvl (Not a prz)
This is a prime zone for continuation.
All Time frames are Bullish in Trend except H1. Wait for H1 to return and confirm bullish trend to enter Trade
Ideal Entry will be around the 5,888 Mark,
SL at 5839
TP1: 6,010
Stretch Goal: 6,476
Concepts used.
- Structure + Trend
- Price Action
- Support & Resistance
- Supply & Demand
- Fibs
- RSI
Trade active
Entering Trade at the Break of the H1 bearish candle
2.29 R Trade
TP 6008
SL 5825
G O G E T I T !!
Note
Hope you didn't panic on the pull back to the previous structure high. Price is still rejecting the daily support lvl 5,863
Note
To Close out and take profit or let it ride!?
Trade closed: target reached
We're Rejecting off of the Supply Zone!!
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