Simple doulble top from the S&P 500 Index. The index broke 2 bullish trend lines. I am waiting to see what happens on the current support level. Would be a nice shorting opportunity if the support doesn't hold.
Use risk management as always.
Thank you for reading.
Use risk management as always.
Thank you for reading.
Comment:
As DrLotto said, starting to look like an abcde pattern. Position never taken because the support line was never broken.
Order cancelled:
Support held. Trade never taken.