S&P500 [Daily, Long]: Trend continuation
Market is in an uptrend > 200MA.
There was a volatility contraction (7 candles) on the daily chart with a tight buildup within the wicks of the candles.
Price broke out of the consolidation with volatility expansion.
Entry: Buy limit at 2751.5, previous daily candle close
Stop: 1ATR below the structure of the buildup at 2646
Exit: I will ride this trend until price closes below previous WEEK candle low
There was a volatility contraction (7 candles) on the daily chart with a tight buildup within the wicks of the candles.
Price broke out of the consolidation with volatility expansion.
Entry: Buy limit at 2751.5, previous daily candle close
Stop: 1ATR below the structure of the buildup at 2646
Exit: I will ride this trend until price closes below previous WEEK candle low
Trade stängt: Stopp nått:
Hit trailing stop, breakeven