-US500 has been in a Bearish Channel started July 27th.
After the failed Higher High on Sept. 1st, followed by the Lower Low. That initiated my Trade Action Plan!
-Price made contact with 200 EMA and now is traveling back up!
-I believe price is retracing back to our Confirmation Break of Sequence (Point A) and then rejected upon arrival at my Sell Entry Zone to finish Sequence down at the Sequence Target!
-SELL-
{ SL } 4408.9
{ Entry } 4371.1 - 4353.3
{ TP } 4101.3
*TRADING INVOLVES RISK! DO NOT TRADE WHAT YOU DO NOT UNDERSTAND OR HAVE NOT TESTED BEFORE! THIS IS NOT TRADING ADVICE. EDUCTIONAL PURPOSES ONLY!*
After the failed Higher High on Sept. 1st, followed by the Lower Low. That initiated my Trade Action Plan!
-Price made contact with 200 EMA and now is traveling back up!
-I believe price is retracing back to our Confirmation Break of Sequence (Point A) and then rejected upon arrival at my Sell Entry Zone to finish Sequence down at the Sequence Target!
-SELL-
{ SL } 4408.9
{ Entry } 4371.1 - 4353.3
{ TP } 4101.3
*TRADING INVOLVES RISK! DO NOT TRADE WHAT YOU DO NOT UNDERSTAND OR HAVE NOT TESTED BEFORE! THIS IS NOT TRADING ADVICE. EDUCTIONAL PURPOSES ONLY!*