FortXau

Spx500 inverse head and shoulders pattern

Long
FX:SPX500   S&P 500 Index
Here we see an inverse head and shoulders pattern which is above its neckline on the daily time frame telling us to long .On the 1 hour time frame its showing us a head and shoulders pattern as a possibility which tells us it could retrace to the head level of the inverted head and shoulders pattern before proceeding to the targets above for the inverse head and shoulders pattern.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.