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The chart comparison doesn't need much explaining. I compare the price action on the 1W time-frame that led to the 2016 actions with today's sequence.
Both patterns are Megaphones on a descending RSI with the 1W MA50 (blue trend-line) acting as a Support on the Megaphones late stage. On the November 07 2016 1W candle, S&P rebounded, starting a non-stop rally that didn't give any important pull-back until January 2018, achieving a +36% rise!
Can S&P rebound on this week's election candle, completing the (e) leg?
Feel free to share your work and let me know in the comments section!
Please like, subscribe and share your ideas and charts with the community!
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π π Shout-out to TradingShot's π° top TradingView Coin donor π° this week ==> didogetsov
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Both patterns are Megaphones on a descending RSI with the 1W MA50 (blue trend-line) acting as a Support on the Megaphones late stage. On the November 07 2016 1W candle, S&P rebounded, starting a non-stop rally that didn't give any important pull-back until January 2018, achieving a +36% rise!
Can S&P rebound on this week's election candle, completing the (e) leg?
Feel free to share your work and let me know in the comments section!
Please like, subscribe and share your ideas and charts with the community!
--------------------------------------------------------------------------------------------------------
!! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !!
π π Shout-out to TradingShot's π° top TradingView Coin donor π° this week ==> didogetsov
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-At least +20% monthly profit on +10000 USD accounts. Max 30% drawdown.
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I trade on the best platform PRIME XBT!
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