bearish cypher pattern and trend continuation

hey traders,

on s&p after a massive selloff from 2940 the market has found support around 2600 and sharply bounced up.
as the market reaches the previous level of structure, we are looking for the trend continuation trades,
here, we see a bearish cypher pattern.
it is a high probability setup.
for this trade I will have 3 target:
initial - 382
second - 618
third - trailing stop

stop above x

good luck!

Commento:

almost hit the zone

Commento:

zone is violated

Commento:

going down

Trade chiuso: obiettivo raggiunto

Trade chiuso: obiettivo raggiunto:

hit both targets