Normally I only trade Forex pairs and it has been a while since I last traded any indexes. But I was strolling through markets and saw this opportunity so I analyzed quick and opened a short trade @7216.
My quick analysis
The Market has reversed at the end of July and stayed in a Down Trend ever since. Now we can clearly see Resistance @7305 so that gives us a nice opportunity to go short and aim for a Lower Low. In this setup I used the Fibonacci Retracement tool to look for a TP level and found one @6992 (fib 0.618). The Market is already down -0.47% while writing this text so I don't know if there will be a good window of opportunity for long. My StopLoss is set @7336 I don't know what to expect of the duration for this trade but I have patience and confidence.
Lets wait and see what happens!
עסקה סגורה: הגיע לסטופ
I raised my SL to 7345 but still got stomped out of the trade. I still think the setup was good, so I will keep this index on my watchlist.
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.