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.
English
English (UK)
English (IN)
Deutsch
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
Bahasa Melayu
ภาษาไทย
Tiếng Việt
日本語
한국어
简体中文
繁體中文
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