Get started
Andre_Cardoso

(4h) The Structure, The printed Shark and the eventual one

Short
S&P 500 Index (FX:SPX500)  
Andre_Cardoso Updated   
FX:SPX500   S&P 500 Index
S&P 500 (SPX500) spx500short Harmonic Patterns Shark structure breakout Bearish Patterns Bullish Patterns
23
2
spx500 spx500short harmonicpatterns sharkpattern structure breakout bearish bullish
SPX500

Entering overbought, looking left we can see huge period of 4days testing the rsi @ 80 before it print us a decent correction. So, this is the one of the worst scenario that we can have here, the other one, is a rally ignoring all the thought and also previous high and eventually all time highs :)...

The good news, a completed Bearish Shark at 161% extension, and an eventual point C for another Shark, this time a bullish one, that completes @2035$

The Head&Shoulder is very hard to predict unless when it gets completed, or almost, but just in case...

The Shark Pattern // Engagement Rules // Educational ®

Head & Shoulders // Educational ®
Safe Trades;
Comment:
161% - 1h Divergence & Structure
snapshot
Comment:
Still printing Divergence
snapshot

Related Ideas

Andre_Cardoso
The Shark Pattern // Engagement Rules // Educational ®
Andre_Cardoso
Harmonic Patterns Ratios 2016 // ®
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.