A BO to the North was expected due to the dominant leg from April 6. The start of the May16 2-legged UPSWING could not hold price, and we see a BO South. And so, its yet to be established, if this is a true breakout of trading range or a false one.
But we're also in a PBZ(Potential Buy Zone) due to the April 6 dominant UPSWING
And so, if price doesn't bounce from here, then we might test the April 06 low.
A break of which would open the door to the Feb 29 low of 1.38350
In my much improved price charts reading, which I dubbed NEO-PA, ;) I would do less talking and less publications of different charts. I intend to do more updates to same charts, and also do live calls in
NAKED TRADING ROOM- https://www.tradingview.com/chat/#Q8tWbgGWUxMgOT0K
It is important for me to underscore here that, I do not inculcate News/Fundamental reasonings into my , as I am not good at that exercise.
I also do not use any other indicator, apart from 20EMA(which I can do w/o, anyway ;) )
My analysis and calls are purely based on price action bar by bar analysis, based off the outcome of my obsession and immersion into charts over 8years of trading.
Im currently doing trading, full time for a living. And would like you to share in my private funds managment. If you have capital of not less than $50 000USD.
You can send me a mail to email@example.com or PM me for a discussion today!
Otherwise, turn to NAKED TRADING ROOM- https://www.tradingview.com/chat/#Q8tWbgGWUxMgOT0K for crispy fresh calls on SPY_5mins. Each day, during NY session.
THANKS FOR "like"