Here is my personal trading plan for my trading account based on the weekly close of the market after analyzing the price action.
I first opened a hedge short (and posted the chart here) weeks ago at around 47000 when the weekly candle close indicated a trend shift. But, then the S&P popped to a new all time high, which invalidated that idea momentarily. We were in limbo, but I let my hedge shorts run thankfully. Here we are again with a clear signal on the weekly that a downtrend is in play. I expect it to bounce from here to the level shown on the chart before continuing down. I could be wrong, and it could just continue dumping from here, but I'd love a small bounce so I can properly exit my longs and get my account net short. No more buying dips, now I short the pops.
For a more in depth explanation of how I determined that trend shift, both the validation, and the coming confirmation, this video is great. It helped me clarify the concept.
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.