Trading Idea 002: S&P500 Long

US SPX 500OANDA

Description

⋅ Jan 23, 2023 10:08 PM

Market Conditions:
- trend reversal
- bullish sentiment in the market

Key Level and Lines:
- $4015.4 resistance

Trading Ideas:
- go long after a consolidation above $4000
- a false breakout and bearish sentiment in the market = trade opportunity for shorting.

Comment

⋅ Jan 25, 2023 5:37 PM

Plan A failed. The long position was closed by stop.
Plan B activated a short trade. for this, we used a false breakout signal above the resistance.

The price reached the 1st profit target = 1:3 r/r ratio.

Trade closed: target reached

⋅ Mar 14, 2023 12:59 AM

Comments

Elefant-Schnitzel

⋅ Jan 26, 2023 3:34 AM

Dlavrov gets it. This guy knows how to chart... been following since 2017. Lesgo! Pump it!

Rockqet

⋅ Jan 25, 2023 3:13 AM

agree with your idea that SPX is in a bullish market. check out my idea here

DLavrov

⋅ Jan 25, 2023 5:39 PM

@desmondlzw, today, we have a bearish signal and probably we should think about shorting.