SPX500 Bear Trap
Price breaks below Globex Low
Traders become bearish and plan a breakout trade to the downside
Demand Zone below Globex Low is located in our window of opportunity
We buy from the selling mass reaction
Price breaks below Globex Low
Traders become bearish and plan a breakout trade to the downside
Demand Zone below Globex Low is located in our window of opportunity
We buy from the selling mass reaction
Order cancelled:
Price broke above the Globex High. There was no valid demand zone within the window of opportunity.
Upon assessing the NDQ100 charts, we saw price came all the way down to the supply zone based within the window of opportunity, and shooting up to what would've been my Take Profit
Upon assessing the NDQ100 charts, we saw price came all the way down to the supply zone based within the window of opportunity, and shooting up to what would've been my Take Profit