S&P 500 IndexShort
A quick scalp before the big move
Updated
Inverse lvl trade
wouldn't usually trade a lvl like this as it doesn't mean my criteria for a tradable level but its also coincides with a really clean .78 fib AND has a very tight stop loss setup I can squeeze into it.
wouldn't usually trade a lvl like this as it doesn't mean my criteria for a tradable level but its also coincides with a really clean .78 fib AND has a very tight stop loss setup I can squeeze into it.
Note
well this movement has been batshitcrazy. S&P getting smacked around like a good old shitcoin. I'm super bearish considering the wick to the upside that just occured.Trade active
doubling downNote
clarification, I did not get into the trade on the first pullback- I only enter inverse levels if there is good amount of space. Although, after this crazy wick up and its rejection, I decided I will be getting in at 2406 if i get a pullback again because that was a savage knockout, and price will likely not squeeze my short like that anymore so i can keep my original tight stop loss
Trade closed: target reached
nice.
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