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
Comments
gLloW
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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.
proping7511
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hey man ,thanks for your share and analysis.seems well
PerpetualLearner
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what is a liber pattern?
proping7511
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just like head &shoulders pattern ,but a little differtent,liber pattern is not break out neck line ,more likely left trade