US500: Short-term Sell Opportunities

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-Introduction-
US500 has retraced to retest the resistance level of $4100 after reaching the yearly low of $3860. Currently, the price has formed a three black crows bearish candlestick pattern, making a new short-term lower low from the resistance level. Therefore, we have entered our sell position to target the recent yearly low of $3860

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تم فتح الصفقة

Sell Position Entered: $4020
Target: $3870
SL: $4110
1% risk
1:1.5 risk-to-reward ratio

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ملاحظة

Reasons for sell entry:
A pullback strategy from the previous support level (Trend-following); Gap unfilled at yearly low, three black crows bearish price action, and US market opened with a strong bearish momentum.

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ملاحظة

Just reached 50% of the target. We now place SL at breakeven. This is a risk free trade.

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أغلقت الصفقة: تم الوصول للهدف

We have closed our sell positions at $3877.