Short

SPX could have another drop

Updated

Hi all, lets start from the bigger timeframe which is we can see it as a downtrend then the chart showing a candle rejection on the support that has become a resistance now. we also have a good formation on 1hr/4hr timeframe that we can see it clearly as a head & shoulder formation which is support us to short this indice once again. on the other hand if we failed to short this then means it would be a flag pattern. good luck traders

Note

buy order triggered

Trade closed manually

Short order stop reached and buy order target reached. We are in breakeven

Enry26

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.