salsapete

SPX Renko Long

SP:SPX   S&P 500 Index
My present bias is for a long position in the SPX            

1. Price is above the Kumo , favouring a long trade.

2. More than 2 long renko bricks have formed since recent correction.

3. Renko brick has broken above the Tanken-Sen.

4. RSI above 50 ( but not oversold)

Barrier = Nearby resistance at 2173.5

Suggested trade

Entry @ 2164.

Stop Loss @ 2130 ( beneath recent swing low)

Target 1 @ 2277 ( equal legs projection ) . 3.3 R
Target 2 @ 2353 ( 127.2 fib extension) . 5.5 R.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out