SPX500 - 15M - Shark followup

Stops are already breakeven from my previous short so im looking to add to the position. targets stay the same (still based on the 4h shark)

this might evolve into a pennant/triangle or a flag pattern. either way, the break below should present a good sell opportunity

Trade aktif

Komentar:

thats why im generally speaking not the biggest fan of triangles. because most of the time you will have a gartley or a bat right below the entry plus there is always the retest of structure, which ofc is the same with flags, but with flags ur enty is often time higher so u can profit a little bit more.

im not too worried yet. we still have good chances to go down here, but it shows perfectly here why im avoiding most triangles if i can, unless i really like the overall setup(like it was the case here)

Komentar:

TG1 Hit for all 3 SPX position. stop above the swing at 1925