hankchef

SPX Cypher pattern to reverse at 2098

FX:SPX500   S&P 500 index of US listed shares
5 months ago
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.
5 months ago
Comment: *2105
5 months ago
Comment: bought some UVXY at 9.4, didn't load ES because the stoploss is too much
NamNguyen5s
5 months ago
Hi, you think spx500 will fall soon?
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hankchef NamNguyen5s
5 months ago
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.
Reply
NamNguyen5s hankchef
5 months ago
Nice lets short around 2120 :)
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