SPX consolidation zone setup.
Potential SPX set ups, wait on break and retest of zone to either side.
On retest
1. Scale down to the lower time frames (5 min/3min)
2. Make sure you confirmed rejection before entry.
3. Risk/Reward 1:3 Ratio
4. Once in profit, secure a risk free trade.
On retest
1. Scale down to the lower time frames (5 min/3min)
2. Make sure you confirmed rejection before entry.
3. Risk/Reward 1:3 Ratio
4. Once in profit, secure a risk free trade.
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