Chart Summary
• Current Price: 142.550 (shown in green on the chart).
• Trade Direction: The setup is for a sell (short) trade.
• Entry Point: Around 142.536, confirmed by patterns like “Inside Bar Long Entry” (InsBarLE).
• Profit Target: 140.773
• This is where the trader expects the price to fall.
• A large blue arrow on the chart shows the expected move.
• The drop is about 1.763 points or 1.24%.
• Target date: May 27, 2025, around 7:15 AM.
• Stop Loss: Set around 142.884
• This is the maximum price the trader is willing to let the trade go against them.
• Risk/Reward: The potential reward is larger than the risk, which makes this a smart trade setup.
⸻
Technical Tools Used:
• Fibonacci Levels:
• Key levels shown are 0.5 (143.565), 0.618 (143.284), and 1 (142.374).
• These levels help spot where price may reverse or pause.
• Trendline:
• A downward line on the chart shows the market is moving lower.
• Pattern Indicators:
• Markers like “InsBarSE” (Inside Bar Sell Entry) and “InsBarLE” (Inside Bar Long Entry) help decide when to enter or exit trades.
Summary:
This is a sell trade setup. The plan is based on:
• A break below the 142.374 support level.
• Support from price patterns and indicators.
• The goal is to reach the price of 140.773 in about 3 and a half days.
• Current Price: 142.550 (shown in green on the chart).
• Trade Direction: The setup is for a sell (short) trade.
• Entry Point: Around 142.536, confirmed by patterns like “Inside Bar Long Entry” (InsBarLE).
• Profit Target: 140.773
• This is where the trader expects the price to fall.
• A large blue arrow on the chart shows the expected move.
• The drop is about 1.763 points or 1.24%.
• Target date: May 27, 2025, around 7:15 AM.
• Stop Loss: Set around 142.884
• This is the maximum price the trader is willing to let the trade go against them.
• Risk/Reward: The potential reward is larger than the risk, which makes this a smart trade setup.
⸻
Technical Tools Used:
• Fibonacci Levels:
• Key levels shown are 0.5 (143.565), 0.618 (143.284), and 1 (142.374).
• These levels help spot where price may reverse or pause.
• Trendline:
• A downward line on the chart shows the market is moving lower.
• Pattern Indicators:
• Markers like “InsBarSE” (Inside Bar Sell Entry) and “InsBarLE” (Inside Bar Long Entry) help decide when to enter or exit trades.
Summary:
This is a sell trade setup. The plan is based on:
• A break below the 142.374 support level.
• Support from price patterns and indicators.
• The goal is to reach the price of 140.773 in about 3 and a half days.
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.
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.