US500 | H2 Double Top | GTradingMethod

5일 전

Hello Traders, I hope you’ve all had a profitable week!

🧐 Market overview:
The US500 has pushed into new highs since the FOMC and remains in an uptrend. However, price is advancing on weakening momentum — higher highs in price while RSI prints lower highs, a classic case of negative divergence. My system is flagging this as a potential double top setup on the 2H timeframe, but I am still waiting for confirmation before entering a short.

Interestingly, while my system highlights bearish risk, there are also bullish signals worth noting:
- Daily CMF money flow shows no negative divergence.
- Daily MACD remains on a buy signal.
- The recent rate cut adds further liquidity and stimulus to markets.

📊 My trade plan:
Risk/Reward: 3.6 – 4.5
Entry: 6,655.6 – 6,661.8
Stop Loss: 6,674.8 – 6,678.6
Take Profit 1 (50%): 6,604
Take Profit 2 (50%): 6,563

The entry and stop ranges vary depending on where the setup confirms within the zone.

Tip:
Divergences often act as early warning signs of trend exhaustion, but they work best when combined with pattern confirmation (like a double top) rather than traded in isolation.

🙏 Thanks for checking out my post!
Make sure to follow me to catch the next idea and keen to hear if you are trading the US500? :)

Please note: This is not financial advice. This content is to track my trading journey and for educational purposes only.

5일 전

액티브 트레이드

Patience has paid off. All systems go.
Short opened at 6 654.7. SL at 6 678.7.

그저께

거래청산: 스탑 닿음

Max loss taken. Stop loss hit.
Time to reset