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S&P 500 Resistance and Bearish Butterfly And Short Oportunity Update: TP1 Reached

S&P 500 Resistance and Bearish Butterfly And Short Oportunity

Description: Chartraderpro finds a completed Bearish Butterfly Harmonic Patterm  on H1 Chart timeframe. Potential bearish price action is predicted. The pattern confirmed by resitance region.

Pair / Instrument: SP500

Time Frame: H1

The trend in the Timeframe: Bullish

The trend in the Daily Chart:  Bearish

Trade Based On: Bearish Butterfly Pattern and Resitance Zone

Accuracy: %76

Recommended Lot Size: 0.03@ 10 K Account with 1:100 Leverage

Trade: Short

The Area Of The Entry:  2818

Stop Loss: Above 2830

Target 1: 2800

Target 2: 2776

Target 3: 2760

What to Pay Attention: 

You can view the setup: SP 500 BEARISH BUTTERFLY

Update: TP1 Reached 180 pips

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Rules To Keep In Your Mind:  Trade Safe. Money  Management is the key to success in forex trading. Do not risk more than 1% of your account in each trade.

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DISCLAIMER: This is a technical analysis study, not an advice or recommendation to invest money

SP500 Bearish Butterfly And Short Oportunity: Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. Chartreaderpro does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.

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