GOOD DAY TRADERS
HERE'S A SHORT IDEA ON THE S&P500 WITH FEARS OF THE SECOND WAVE OF THE COVID-19 VIRUS STILL IN THE AIR WE SAW BEARS COMING INTO PLAY.
> US500 JUST TOUCHED 61.8 FIBONACCI LEVEL ON THE DAILY CHART AND A NICE BEAR CANDLE HAS FORMED
> IF WE TRADE BELOW THE 1 FIBONACCI EXTENSION ON THE 4H THIS WOULD BE ANOTHER SIGNAL FOR A SELL
TARGETING 78.6 % FIB EXTENSION AND 61.8% FIB EXTENSION
RISK MANAGEMENT
ENTRY - SELL ORDERS / MARKET EXECUTION
PERIOD - SWING
HERE'S A SHORT IDEA ON THE S&P500 WITH FEARS OF THE SECOND WAVE OF THE COVID-19 VIRUS STILL IN THE AIR WE SAW BEARS COMING INTO PLAY.
> US500 JUST TOUCHED 61.8 FIBONACCI LEVEL ON THE DAILY CHART AND A NICE BEAR CANDLE HAS FORMED
> IF WE TRADE BELOW THE 1 FIBONACCI EXTENSION ON THE 4H THIS WOULD BE ANOTHER SIGNAL FOR A SELL
TARGETING 78.6 % FIB EXTENSION AND 61.8% FIB EXTENSION
RISK MANAGEMENT
ENTRY - SELL ORDERS / MARKET EXECUTION
PERIOD - SWING
Trade active
Trade active:
ADJUST STOP TO SWING HIGH
