InvestMate|S&P500 Time for correction
Updated
📉S&P500 Time for correction.
📉Quick play.
📉S&P500 has made beautiful upward imupls since October 13.
📉In between times we have only made one significant correction.
📉 Looking at the current price action situation it looks like it would be advisable to make a correction here in order to talk about the continuation of the uptrend in the future.
📉 Assuming an entry at the current price level and setting a stop at 3886 and a take profit at 3735, we come up with a risk/reward ratio of 1.1.
Considering that the execution of a correction at this point is highly probable I consider this a good opportunity.
🚀If you appreciate my work and effort put into this post I encourage you to leave a like and give a follow on my profile.🚀
📉Quick play.
📉S&P500 has made beautiful upward imupls since October 13.
📉In between times we have only made one significant correction.
📉 Looking at the current price action situation it looks like it would be advisable to make a correction here in order to talk about the continuation of the uptrend in the future.
📉 Assuming an entry at the current price level and setting a stop at 3886 and a take profit at 3735, we come up with a risk/reward ratio of 1.1.
Considering that the execution of a correction at this point is highly probable I consider this a good opportunity.
🚀If you appreciate my work and effort put into this post I encourage you to leave a like and give a follow on my profile.🚀
Trade closed: target reached
got it!Trade closed manually
The price has only reached the support zone, not the targetTrade active
Update:
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