Hello Traders - you may have caught our scalp on SPX the other day, shown below. Once again, a TD9 signal on the four hour appears at a critical juncture for SPX, and there seems to be potential for a bounce here.
In addition, on the 12H chart, we have just hit candle #4 on a correction after a bearish nine. Sometimes, 4 candles is the extent of a pullback.
Keep an eye on the bottom of the channel...
Good luck
Previous Analysis;
In addition, on the 12H chart, we have just hit candle #4 on a correction after a bearish nine. Sometimes, 4 candles is the extent of a pullback.
Keep an eye on the bottom of the channel...
Good luck
Previous Analysis;
Comment:
I don’t need to explain proper stop loss for this right?
Comment:
Ok we gapped under, but the channel might be off slightly, wait for a candle close beneath and then we might be able to short. Or you could take a small long playing the gap and then wait
Comment:
I haven’t taken a position either way yet but it looks like it will keep the breakdown
Comment:
Still nothing really, scalped the gap fill when i took a nap earlier but since then, we have no clues, so i will do nothing