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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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.