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VasilyTrader
Mar 24, 2023 12:12 PM

S&P500 Index (SPY): Classic Trend-Following Pattern Short

SPX 500 IndexBlackBull Markets

Description



S&P500 Index is trading in a bearish trend.
Once, the price set the last low on a daily, a correctional movement started.
The market was steadily growing within a bearish flag pattern.

To catch a bearish continuation, wait for a bearish breakout of the support of the flag.
If the price breaks and closes below that on a daily,
a bearish continuation will be expected.

Goal will be 3830


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Comments
VasilyTrader
Wait for a breakout, that is the trigger to short
AnabelSignals
Good trading idea, pal!
MarsSignals
nice idea
TopTradingSignals
Noted, thank you!
UnitedSignals
Fantastic post.
TheSignalyst
if we break that major low, it would be bad for the entire market. stocks and crypto
WalterMoon
Great analysis buddy, thanks for this chart !
LegionQ8
good chart mate, thanks for sharing your vision
pejman_zwin
great work. I am interested to see your ideas.🔥
pejman_zwin
keep up the good work, mate!💪
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