I'm long-term bearish on the S&P, but this upward retracement I don't want to miss/
Why to buy: Prices bounced of key support areas which are bronze colored lines in the chart. If you want to validate, check the chat at the weekly, it's a clearer view of support level intact-with a bullish hammer.
When to enter: I'm expecting to pull back near the support area.
When to exit: On next resistance which is confluent with 61.80% fibonacci target. Or exit in case market conditions change at the middle of the trade.
Why to buy: Prices bounced of key support areas which are bronze colored lines in the chart. If you want to validate, check the chat at the weekly, it's a clearer view of support level intact-with a bullish hammer.
When to enter: I'm expecting to pull back near the support area.
When to exit: On next resistance which is confluent with 61.80% fibonacci target. Or exit in case market conditions change at the middle of the trade.
Comment:
Prices currently hovering around our entry zone, wait for bullish candle signals
Trade active:
Entered long, let's swing this up.