hey traders,
on s&p after a massive selloff from 2940 the market has found support around 2600 and sharply bounced up.
as the market reaches the previous level of structure, we are looking for the trend continuation trades,
here, we see a bearish cypher pattern.
it is a high probability setup.
for this trade I will have 3 target:
initial - 382
second - 618
third - trailing stop
stop above x
good luck!
Comment:
almost hit the zone
Comment:
zone is violated
Comment:
going down
Trade closed: target reached
Trade closed: target reached:
hit both targets
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