tradewithhedge
Short

False breakout on SP500

FX:SPX500   S&P 500 Index
Hi Traders,

We were in a descending triangle on SP500             but we broke today and went higher until he touched the 61.8% fib and reversed during FOMC. We close in less than 1 hour and he is well back inside of the triangle. I am already short and in good profit already.
All I need now to give me more conviction is the trend line on RSI to break.

Thanks!

Thiago Duarte
@thiagotrader
thiago@duarteinvestmentgroup.com
you surely want to say ascending triangle http://thepatternsite.com/at.html
Reply
makes sense to me and thanks..
Reply
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