privatepizza111

Structure: False Out

Education
SP:SPX   S&P 500 Index
Notice the Alligator overlay, and the declining High fractals while the Alligator increases (Lower Price/Higher Indicator). With the steepe Low above the Teeth, a bear exit requires standard divergence: not reverse bearish. With this exit being flawed, price should return to the false out...the Highs become the bull buy line...the false Low exit is now the bull stop line.
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