Break below 15m structure, below 50EMA, room to the downside. 4HR is in consolidation, but the S&P 500 is in correction mode so the risk-off appetite may push this into the lows of the range again.
SL @ B/E at 1:1. Target slightly over 2:1 due to a late entry with better RR.
Fell like a rock after I entered, but we'll see how it plays out. I have a roughly 48% chance of winning this trade.
Edit: S/L already at break-even. This was a very fast moving trade, I am lucky I got into it when I did.
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