SXP - Long from monthly range | Target 4$
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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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.