September 8 Contract Strategy $SNDK
Direction: Short
Initial position: 1767 – 1772
Add to position: 1782 – 1788 (If price rebounds into this range, add positions)
Take profit: 1740 / 1720 / 1690
Stop loss: 1800 (trigger stop loss to exit)
Entry rationale: The daily chart shows the early formation of an M-top pattern; the 4-hour timeframe is bearish; the 1-hour ATR = 15.42 confirms sufficient volatility. The 24h high at 1822 has formed a strong resistance. Price is trading below MA(25) at 1781. A rebound into the 1780 – 1790 zone is an ideal short entry area, with downside targets at 1740 / 1720.
Click below to start trading 👇👇
#SaudiHaltsSouthernEnergySitesAfterAttacks
Direction: Short
Initial position: 1767 – 1772
Add to position: 1782 – 1788 (If price rebounds into this range, add positions)
Take profit: 1740 / 1720 / 1690
Stop loss: 1800 (trigger stop loss to exit)
Entry rationale: The daily chart shows the early formation of an M-top pattern; the 4-hour timeframe is bearish; the 1-hour ATR = 15.42 confirms sufficient volatility. The 24h high at 1822 has formed a strong resistance. Price is trading below MA(25) at 1781. A rebound into the 1780 – 1790 zone is an ideal short entry area, with downside targets at 1740 / 1720.
Click below to start trading 👇👇
#SaudiHaltsSouthernEnergySitesAfterAttacks
