SP 500, Fake broke of Historical high - best place to open Sell

Short

S&P 500 Index (OANDA:SPX500USD)

Updated

OANDA:SPX500USD S&P 500 Index

Trend Analysis Chart Patterns Wave Analysis S&P 500 (SPX500) sp500index Forex index

trendanalysis chartpattern waveanalysis spx500 sp500index forex index

I set Sell limit near historical high 2942

Reasons:

- There is a big chance that the price will make powerful pullback down
- Potential profit in 10 times bigger than a risk

Comment:

Price dropped down from historical High

I wait when SP price will break down Upward channel - that will be a signal a powerful down move

snapshot

Trade closed manually

Comment:

S&P 500, Trading plan

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