waiting for correction to sell
Hi Traders
A lot of reason to look for selling opportunity in this SPX500.
1. This chart hit the support resistance at 2125.
2. Good risk and reward about 1:2,5 risk reward
3. Divergent at stoch
4. breaking the trendline.
Will entering the trade when this chart do retracement or correction. if the chart just goes down and did not make any retracement. than it's not my trade.
If you see somehow my analysis useful for you, please spend your effort to hit the like button.
Good Luck and Trade Wisely
A lot of reason to look for selling opportunity in this SPX500.
1. This chart hit the support resistance at 2125.
2. Good risk and reward about 1:2,5 risk reward
3. Divergent at stoch
4. breaking the trendline.
Will entering the trade when this chart do retracement or correction. if the chart just goes down and did not make any retracement. than it's not my trade.
If you see somehow my analysis useful for you, please spend your effort to hit the like button.
Good Luck and Trade Wisely
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