( +20 points) week25 S&P D1 | A trade| power engulfing day candlestick , double bottom

D1 S&P looks like it has found a bottom again. D1 pivot shows support. week25 Snp D1 pivot support 170615 After yesterday’s close, I have strong conviction of the double bottom, because of 1) The support from pivot 2) The powerful bearish-bullish expansion engulfing 3) that formed the double bottom 4) With macd divergence This made the SL very defined. Just that price is far away from the SL, so will have to manage risk with adjusted pos size week25 Snp h4 macd divergence trapped traders 170615 .

Trade outcome 200615

Indeed trade has moved to identified levels.

week25 s&p take profit 20 poimts gif 180615


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