Neat hard stop
Stripping down the STRUCTURE indicator to only display the initial structure on the SPX500USD.
Gives us a clearer read of what matters initially, when a long structure is formed.
Where the levels are that matters. And what they can imply in terms of upcoming behavior.
Personally I really like the accuracy in the hefty drop hard stop though… Not going for the prior lows, making it harder to catch it. But spot on, the prior initial long structure lower barrier. (Ok, it missed it by 1pt…)
Using the 1hr timeframe. No changing of parameters. Automatically fired and automatically sized as the structure isn´t a fixed metric like percentages.
Conclusion?
That there´s quite a strong respect for the intial long structure. At least this time on the SPX500USD.
