SergeantPringles
Long

SPX500 - 15M - Bat Pattern with uptrend

FX:SPX500   S&P 500 index of US listed shares
131 2 3
8 months ago
Back from 2 week vacation. so will be posting more from now on again.
First thing here is the bat pattern on the 15m that terminates pretty nice at a trendline cluster. Since we had a pretty strong upmove recently in the S&P             i think its time for a bigger correction (to the downside here) so i wouldnt suggest goin for trendcontinuation targets. Also keep your stop tight below X and move them fast while taking quick profits. We will most likly see an ABC correction (to the upside) here on the 15m. so i cant really tell you what the target zone will be yet. it depens on the momentum . the two most likly setups are drawn in in orange.

Note that we might not complete the pattern since it already struggles quite a bit to go further down. but i dont like the RRR             yet to go long, so either it goes further down or no trade for me.
8 months ago
Trade active: my target 1 will be the lower A point from the chart, so a retest of previous structure. TG2 will be placed after I see and and B wave unfold.
8 months ago
Comment: since the market was more messy than expected i took TG1 profits early a couple minutes ago at 2053ish. im still keeping half of my position but my stops are breakeven now.
8 months ago
Comment: rest stoppe out for breakeven
waterman
8 months ago
Welcome back !
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SergeantPringles waterman
8 months ago
thanks. feels good to be back. trading is just too much fun ;)
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