S&P 500 Pennant breakout Short

S&P 500SP

Description

⋅ Apr 3, 2018 6:28 PM

We're in a downtrend and just broke out of the triangle. Price action then bounced back and hit the previous channel low. False breakout? Maybe, but the risk/reward ration is good.

Trade closed: stop reached

⋅ Apr 3, 2018 7:06 PM

Quick and pain free loss.