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