My long term forecast on SP500 is huge drop as monthly 4th wave. That's why I can't miss any chance of taking short trades. This is one of these aggresive entries. I have a pending order below previous bottom and witing for a correction at the same time. I hope it make a correction, so I can find better entry, otherwise my pending order will be triggered, if it goes down.
If you think this is a valid forecast and good trade setup, please hit the like button.
I appriciate that if you leave a comment and let me know what do you think about this idea.
Trade with care...
It can be a risky trade. I will use 0.5% risk for this trade.
I already have a short from the top.