Morning, I see a little more downside to the S&P500 today. If the news doesn't upset this pattern (I won't be trading this pattern due to news today) We have a strong move down with price forming a pennant pattern coming to touch EMA's and 50% retracement area of that current move down. Caution news today! 1% Risk 2:1RR - Happy Trading!
Trade closed: target reached:
Never did trade it, but worked out well.
I moderate a small community 4 traders, analyzing weekly charts, and discussing trade setups. Focusing on psychology.