Short

SPX500. Possible bearish butterfly

Updated

We are heading to a possible correction on SPX500 which would mean more sideways action in the nearest term.

Will looks for longs at 2176 level. SL: 2185, TP: 2138

Note

Getting close to entry point

Trade active

Going short 0.25 lots. SL: 1290. TP!: 2139

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Short has worked well for now. Will move to breakeven on market open and check on where I could add some more...

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First target reached. Short to breakeven

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Keeping my short. Hope to see a target level and probably even lower

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Updated chart in comments

captain_smollett

Please, follow your strategy! Always!
If there is no strategy that has proven itself successful, please do not trade with real money!

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Related publications

Butterfly Pattern // Engagement Rules // Educational ®

by Andre_Cardoso

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