still heading to a sell / short I seen this pattern before short and simple my SL : 4468.34 tracking down for my own progress and journaling
I have a trade pending when the markets open on sunday PST going for a sell my stop loss will be 4478.99 this is for my journaling and tracking process very simple trade OANDA:SPX500USD
short and simple this is for my own tracking and journaling my process 15 min time frame stop loss : 4909.83
buying spx500 on sunday 5pm pacific time OANDA:SPX500USD
we have a overall strong bullish movement in price following with strong bullish candle sticks I will wait for price to respect SUPPORT and TREND-LINE 1/5 RRR
- Bullish candle sticks starting to weakened -strong bearish candles starting to show -respect towards the 6.1 zone on the fib retracement THINGS I WILL KEEP AN EYE ON - 3rd touch on resistance level respecting - a complete break towards my trend line - a complete break on support - retest new resistance 3/1 RRR
In my opinion I see this trade as a buy because - The biggest trend is bullish -respect towards the ( 0.618 ) fib zone -clean pullbacks -strong bullish candle sticks I will take this trade only IF price respects ( 0.382 ) level RRR-2.4 time frames I analyzed on - 4H, 1H, and 15MIN share your opinions down below (;
The biggest trend is already bearish respecting the 6.1 (fib) zone Strong bearish candlestick starting to form Please share your opinions 💕
-rejection of the 6.1 level (fib) -multiple wick rejections towards resistance -strong wick rejection towards the upside - break of trend line plus respecting resistance