SPX500 daily 0.618 and hammer combination long

Oct 24, 2018

A very very important set-up that I believe stock traders over the world are talking about how to deal with this daily hammer.
For me, quite simple that it's almost a perfect combination.
Whatever the result is, this set-up definitely worth some long trades!
Breakout, pullback, intraday momentum trades, and etc...

Also I'll take this perspective into individual stocks to look for buy-low opportunities!

Let's see how it goes!

Oct 24, 2018

Note

Pull back mode, pay attention to the 0.618 spot @ 2715 yo

Oct 24, 2018

Note

while, in terms of pullback, price action uses 50% and Fib uses 0.618 to trade a hammer,
In this case, those price action guys already get on the train but not yet the fibs lol.

Oct 25, 2018

Note

the bulls tried twice (50% of the pin / intraday bullish harmonic patterns)
both could be successful trades and then made a new low to break the hammer.

Turning bearish until a clear bullish reversal sign yo!