Krunal.Patel
Short

S&P500 D Bearish GARTLEY PATTERN @ 2097

FX:SPX500   S&P 500 index of US listed shares
Hi guys,

Here is a bearish GARTLEY pattern @ 2097 in which i would have a sell limit in place and stop loss will be placed above the X leg which we use as good resistance in this case. Targets will be at the 38.2% and 61.8% fibonacci levels. IF/WHEN first targets are met, half of the position would be closed for profit and stop loss for the second half of the position will be moved to break-even, ensuring a risk-free trade.

Thank you for your support.

Trade Numbers:

Risk: 22 points x 2 = 44 points
Reward #1: 23 points. R:R = 1:1.05
Reward #2: 38 points. R:R = 1:1.70

Plan your trade... Trade your plan.
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