Pullback Sell Trade Idea In Down Trend 1000 Ticks Potential

2024年11月2日

Higher time frame bias is bearish retracement back down into 41,300 July FOMC level.

Downtrend, so looking for a lower high into resistance levels for trend continuations.

Right now the September FOMC High is being used as a potential resistance level.

Limit order at 42,518
Stop at 42,633
Target 41,383

2024年11月2日

註釋

Because the November CPI is coming up in what appears to be at the bottom of the retracement (the same as September) I am expecting lower prices until then. I believe CPI will be the "catalyst" to start the bullish move.

Of course, the biggest release of them all is FOMC right after the election