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PML

SPX 500 day trading LONGAnalysis: Market Structure & Probabilities OANDA:SPX500USD PML (Previous Monthly Low) has been broken, moving higher than last month's low. PMH (Previous Monthly High) has also been broken, pushing beyond last month’s high. PWH/PWL (Previous Weekly High/Low) similarly breached, with price moving higher than the previous month's range. PDL (Previous Daily Low) and 4H Swing High/Low have also been surpassed. These indicators suggest a strong bullish bias, with an 87.5% probability of further upside movement vs. a 12.5% bearish scenario (reflected in PDH, as the price dipped below yesterday’s high). Risk-to-Reward Ratio (RR): 2.14 Simple as that.
OANDA:SPX500USDLong
by Jaytradermb
CHAINLINK SWING TRADINGSwing trading BINANCE:LINKUSDT Seeing that the structure has been respected, I decide to open a position now. These are my arguments: Bullish arugments: Monthly PCL being disrespected Weekly PCL being disrespected Daily swing low being disrespected 4H swing low being disrespected So far I see no bearish arguments. Trade management: SL at $9.94 which that would indicate strong rejection and would power a search for liquidity at the lower end of the range. However, there does not seem to be so much weakness to look for a lower low than the September low. TP, partials could be obtained. A partial TP would be on liquidity on the buy side at $13.90 and let profits run to ITH with SL on BE once the 1TP profit is taken.
Long
by Jaytradermb