In our first post we explained how we believe the sp500 index will complete the bearish wolf wave at 3600, either completing a wave B of an ABC to the upside correcting the whole 2022 downtrend or in a wave 3 of (C) to make a lower low. We were stopped out from the first trade losing 1% of equity, so according to our trading rules we can only risk up to 0.5% in the short trade we are going to place around 4000. The invalidation level is the previous high of 4136.8.
Comment:
Order placed: 3995
Trade active:
stop loss on entry
Trade active:
Second Order filled at 61.8
Trade active:
Stop loss on entry