Gonna use this channel to find good short entry points. The correction will be confirmed when the price breaks out of it in the downward direction.
Note
I have published a similar idea for nasdaq and I think I will focus on it while trading S&P because it's more accurate. I think we might see a fake breakout on this chart which would be a bear trap. This should not happen in the idea for nasdaq, find it in my profile.
Note
Ok, this idea is raw, so I'm publishing a new one with a more accurate channel.
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