Entry points using Andrews median lines (SPY 60 min)
I still consider price to be in a downtrend in this timeframe (lower-lows and lower-highs), and am looking for low risk entries to add to short positions. A break above previous high could indicate change in behavior and might provide a good place to hide a stop. I placed the stop just above a previous gap (in blue). Fair-good reward/risk ratio depending on which Andrews median warning line (in red) is used and where price intersects that line.
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