FX:SPX500   S&P 500 Index
178 2 4
Updated. Now in play is a SHARK . I believe if the 2nd PRZ is met, the PEACH pattern will be in play. Notes on chart.
like the green shark to complete. if we close below 2040, what do you think happens next? Thanks for the charts. :)
KLang claydoctor
If the Shark only hits the 1st PRZ - we are still in the same range. If it goes to the 2nd, there could be a big change. That's where you have to ask: will people panic and throw in the towel here? Will there be a false break down? I'll be looking for other patterns to see what develops. I would guess the PEACH patter will complete. But this is a tricky market - making BIG STATEMENTS is futile.
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