SPX (2022-02-11 Triangle)
As the trading week progresses, we have a triangle on the daily forming
1) CPI news
Cause: sell-off
Effect: gap-fill at market open
2) Bullard Hawkish Remark
Cause: bullish structure has been broken at 4553
Effect: market will need to find a base at C
Key characteristics of triangle:
Declining volume
Personally, I took a short
Entry: 4545
Stoploss: 4555
Final Target: 4495
In such fast-moving markets, there ain't no bears/bulls and we really got to be very very nimble.
1) CPI news
Cause: sell-off
Effect: gap-fill at market open
2) Bullard Hawkish Remark
Cause: bullish structure has been broken at 4553
Effect: market will need to find a base at C
Key characteristics of triangle:
Declining volume
Personally, I took a short
Entry: 4545
Stoploss: 4555
Final Target: 4495
In such fast-moving markets, there ain't no bears/bulls and we really got to be very very nimble.
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.