How to profit from rising wedge pattern - Day trading S&P 500

١٨ سبتمبر ٢٠٢٠

Check out the video for a complete walk through of the daily market analysis of S&P 500 futures (ES) for 18 Sep 2020 trading session. In this video, I am going to show you the market recap during the last session and a trade review for a possible trade in the three-minutes timeframe (including entry, exit and the rationale behind). I talked about how to trade the rising wedge pattern in yesterday video. So, today's video, I will also elaborate the detail with trading the rising wedge pattern using the S&P 500 trade as a case study.

Check out my daily market analysis video in the last session if you haven’t in order to better relate to the market recap and the trade review.

Bias - neutral (Day trading); bullish (long term)

Key levels - Resistance: 3360-3380, 3425, 3450; Support: 3300, 3230

Potential setup - Look for potential reversal at the key levels.

Disclaimer: The information in this presentation is solely for educational purpose and should not be taken as investment advice.