S&P DAILY V-PATTERN COMPLETED,PENDING DOWN Short

S&P 500 index of US listed sharesFXCM

Description

⋅ Aug 22, 2016 1:48 PM

REASONS TO SHORT:
1.THE BIG DAILY CHART V-PATTERN STARTED FROM LAST DEC. 224% OF XY WHICH IS 2193 HAS ALREADY ACHIEVED. PULLBACK IS EXPECTED.
2.RSI DIVERGENCE APPEARS

ENTRY AREA:
2185-2195

T1: 38.2% 2115
T2: 50% 2091
T3: 61.8% 2069

Trade active

⋅ Aug 23, 2016 1:40 PM

I am in, i think the entry point is good

position-trader

Comments

Johnny_Yu

⋅ Aug 23, 2016 1:41 PM

Johnny_Yu

⋅ Aug 24, 2016 3:37 AM

plan to squre half when price reaches 2182.8 and move the stop to BE. Let the runner go!

Johnny_Yu

⋅ Aug 24, 2016 8:51 AM

As my trading plan, cut position by half at 2182.6. let the rest run or stop out with no loss. enjoy the show!

Johnny_Yu

⋅ Aug 24, 2016 9:01 AM

pending bearish gartley pattern in hourly chart, I am waiting for bearish candle pattern to join in.

Johnny_Yu

⋅ Aug 24, 2016 2:13 PM

As I expected earlier today, I placed the trade at 2188.6, sl is 2190, target is 2180. I already moved sl to be, enjoy the free show now.