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SP500 Trade Opportunities H1 Chart

SP500 Trade Opportunities H1 Chart

Pattern /Reason: Fractal Trendline Breakout / Bullish Cypher Pattern.

Time Frame: H1

Accuracy of the Pattern: 89%

Setup No: SP240601

Recommended Lot: 0.20

Trade Period: Scalping / Intraday

Active/Pending: Active

Trade: Long

Entry: 2950

Stop Loss: 2960

TP1: 2936 / Reached

TP2: 2920 / Reached

TP 3:

Note: If the short trade works as predicted,

Divergence/ Convergence Confirmation: RSI DIVERGENCE H4 CHART

Candle Pattern Confirmation: —–

Moving Average Confirmation: SMA20 Breakout

The trend of the Timeframe: Neutral

The trend in the Daily Chart: Bullish

NOTE: White Swan and Bullish Cypher pattern would be completed at 2920. These patterns can be used as a buying opportunity.


Warning and Things to Pay Attention:

  1. Harmonic Patterns are reversal patterns and mostly against the main trend on the chart they appear.
  2. Target levels are determined by MM Calculation as the pattern has not been completed yet. They may vary 3-5 pips according to the completion level of the predicted patterns.
  3. Pay attention to Time Frame, Trade Period and Estimated Completion Time, Accuracy and Recommended Lot Size clauses mentioned below.
  4. Do not risk more than 2% in one trade setup.
  5. We usually book partial profit at the first target and move our stop loss to entry or break-even level. Use your own risk/profit management to exit the trade.
  6. We are publishing potential opportunities. There are no certainties and traders bets on possibilities. Read the setup carefully before entering a trade and take your own decision.
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