FX:SPX500 S&P 500 index of US listed shares
Yes, we must place a sell limit order, some pips above the high. Every setup is different and there are many systems to manage a trade. In this case i chose the B point of the pattern (because the main trend is bullish). Its working well but this trade is risky, so we can manage the trade on the 4H chart also. I place fixed targets just for information purposes.