Hello everyone this is my SP500 idea on daily time frame ..
We might have a possible short entry if price close below orange line .. ( daily candle close ) to target green line .. our stop loss is daily candle close above orange line
Idea came based on bearish divergence from red line ..
RSI indicator price was trading in channel now this channel breached to the downside
Next plan is to buy from green line to target orange line ( stop loss = no daily candle close below green line )
and black line in the RSI need to hold .. for confirmation
for any question feel free to ask :) and good luck
We might have a possible short entry if price close below orange line .. ( daily candle close ) to target green line .. our stop loss is daily candle close above orange line
Idea came based on bearish divergence from red line ..
RSI indicator price was trading in channel now this channel breached to the downside
Next plan is to buy from green line to target orange line ( stop loss = no daily candle close below green line )
and black line in the RSI need to hold .. for confirmation
for any question feel free to ask :) and good luck