hankchef

SPX Cypher pattern to reverse at 2098

FX:SPX500   S&P 500 index of US listed shares
look for shorts around 2098 where the completion of Cypher pattern is. Immediate resistance at 0.786 XC. Classic stoploss level should be 2127, but we can look for a improved stop loss level at a lower time frame, a resistance at 2015 for example.
Comment: *2105
Comment: bought some UVXY at 9.4, didn't load ES because the stoploss is too much
Hi, you think spx500 will fall soon?
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hankchef NamNguyen5s
Hi NamNguyen5s. I don't predict. The patterns just give clear entries with affordable stoploss, if it succeeds, the profit is big, otherwise, the stop loss is small. According to experience, the patterns has a 60% to 70% rate for a reversal before 2127.
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NamNguyen5s hankchef
Nice lets short around 2120 :)
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