Lets take a look at the Stock Market, shall we? 🥰
We see SXP moving within a descending channel, bouncing from our 1.618 fib extension level of 3576.
If SXP is to continue to the upside, breaking the resistance level of 3880, my target would be at approximately 4055 before continuing our way to the downside.
Please see the bars pattern shown in chart.
Trade Safe Friends 🙂
Comment
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Looking at the ltf's The SXP is moving upwards in a bearish pattern.