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Trading Idea 002: S&P500
S&P 500 Index
Long
Trading Idea 002: S&P500
By DLavrov
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Updated
Mar 14, 2023
1
7
3
3
Jan 23, 2023
Market Conditions:
- trend reversal
- bullish sentiment in the market
Key Level and Lines:
- $4015.4 resistance
Trading Ideas:
- go long after a consolidation above $4000
- a false breakout and bearish sentiment in the market = trade opportunity for shorting.
Jan 25, 2023
Note
Plan A failed. The long position was closed by stop.
Plan B activated a short trade. for this, we used a false breakout signal above the resistance.
The price reached the 1st profit target = 1:3 r/r ratio.
Mar 14, 2023
Trade closed: target reached
Chart Patterns
Technical Indicators
Indices
S&P 500 (SPX500)
Stocks
Trend Analysis
DLavrov
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