SXP - Long from monthly range | Target 4$
Updated
Keep it simple and stupid. I rarely look for patterns as they tend to fail more often than they play out. I look for rock solid support and resistance zones, such as weekly or monthly ranges, whereas the higher the timeframe, the more reliable the support becomes (and vice versa).
SXP just touched the monthly level and looks ready for a nice swing trade with tight risk.
Stay safe. Stay humble.
SXP just touched the monthly level and looks ready for a nice swing trade with tight risk.
Stay safe. Stay humble.
Trade closed: stop reached
Wow. That was quick. Trade invalidated. Obviously.
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