spx500 apporach a breaish liber pattern around 2120

FX:SPX500   S&P 500 Index
232 4 6
spx500             apporach a breaish liber pattern around 2120
here also have a 1.618 inverse ext
eyes on this area ,find opp             to short maybe a good idea
Yes, 2121 is my first target to short at, but I won't be surprised to see it run up and hit the uptrend line from February (around 2130s) before pulling back... it seems like if there is a major support or resistance around, it pushes that extra distance to touch it. There is still some life left in the chart, the 4hr wave doesn't have any bearish div yet and the day/week/month waves are still in an uptrend. we will see.
+1 Reply
hey man ,thanks for your share and analysis.seems well
+1 Reply
what is a liber pattern?
proping7511 PerpetualLearner
just like head &shoulders pattern ,but a little differtent,liber pattern is not break out neck line ,more likely left trade
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