The Lower-High Lower-Low patterns are forming in the chart of S&P 500, and we should keep in mind the possibility of reversal and going down more!
Be careful,
A reversal to the upside won't occur until the price makes a higher high and higher low. A move above the descending trendline could issue an early warning sign of a reversal.
another possible scenario could be a sideway:
The best strategy would be waiting at this moment!
Please read the attached article and compare what you see in the chart with the picture in the attached article!
https://www.investopedia.com/terms/r/reversal.asp
Be careful,
A reversal to the upside won't occur until the price makes a higher high and higher low. A move above the descending trendline could issue an early warning sign of a reversal.
another possible scenario could be a sideway:
The best strategy would be waiting at this moment!
Please read the attached article and compare what you see in the chart with the picture in the attached article!
https://www.investopedia.com/terms/r/reversal.asp