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saad0polis

Huge symmetrical triangle!

S&P 500 Index (SP:SPX)  
saad0polis Updated   
SP:SPX   S&P 500 Index
Trend Analysis Chart Patterns SPX (S&P 500 Index) S&P 500 (SPX500) Symmetrical Triangle Stocks
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trendanalysis chartpattern spx spx500 symmetricaltriangle stocks
The potential for a bounce off the lower trendline of the symmetrical triangle is expected. It depends on the closing price. If the close is below the lower trendline, the potential targets are stated. However, if the bounce is significant and the close is above the upper trendline, a long position is considered.
Comment:
The price made a strong rebound from the lower trendline of the symmetrical triangle as expected and is now approaching the upper trendline. If it breaks through this level, the potential targets for the price are 4050, 4120, 4150, and 4220.
Comment:
4050 ✅
Waiting for FOMC decision.
Comment:
4120 ✅
4150 ✅

Both in a single day! #FOMC was the catalyst. Looking forward to range highs. Fed's speech was #dovish.
Trade closed: target reached:
This was a great trade! ❤️ Congrats to those who profited!
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