Execute this only if you know what you are doing and this is purely an intraday shorting opportunity.
You can see that once the price reaches 3398 level, it retraces with a strong selling signal - a pin bar. Now, we await for the price to break down the bullish trend line before executing the shorts.
You can see that once the price reaches 3398 level, it retraces with a strong selling signal - a pin bar. Now, we await for the price to break down the bullish trend line before executing the shorts.
Comment:
trade is cancelled since there is no signal 2. SPX500 continues to rebound from the trend line.