Stock market is still in downtred, maybe we got pullback soon, but I am still looking for shorts.
2450 level looks quite strong, it connects with fibo level and trendline.
Tp is at 2200. If we break to the upside before trendline to the downside, setup will probably be invalid.
2450 level looks quite strong, it connects with fibo level and trendline.
Tp is at 2200. If we break to the upside before trendline to the downside, setup will probably be invalid.
Trade active
As expected 2450 level was too strong. Always look for entry on lower timeframes. This is what I did, and on my broker it made a retest exactly to 2450. Note
Head and shoulders with fibonaci confirmation to take a sell.
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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.