FortXau

Spx500 Head and Shoulders pattern H1

FX:SPX500   S&P 500 Index
So on the H1 time frame we see a head and shoulders pattern forming but it isnt confirmed,if the market breaks through the regression trend it will proceed to the price of 3343.03 then go back and retest the same level as the left shoulder which will create the right shoulder,then once the neckline breaks itll proceed to the head of the daily time frame inverse head and shoulders pattern before making its way to the higher targets

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.