Rule_no1

IS THE BEAR ENDED? NO, IT JUST STARTED - SP500

Short
FOREXCOM:SPX500   S&P 500 Index
Good Day Traders!

Here's the trade idea and do let me know if you have any questions! πŸ’°πŸ’°πŸ’°

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Our S&P500 setup:

Rules:
1. SHORT ONLY when price broke down the trendline and retest its resistance.
2. SHORT ONLY when bearish candlestick formed in 1D chart.
3. DO NOTHING when above #1 & #2 are not met.

TP 1 : level near 2500
TP 2 : level near 2200
TP 3 : level near 1800
CL : closed above 3000
RR > 5

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"All winning professionals know the enormous importance of psychology. Most losing amateurs ignore it."

DISCLAIMER: There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Trade at your own risk.
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