FxWirePro
Long

S&P 500 forms Bullish Bat pattern, good to buy at dips

FX:SPX500   S&P 500 index of US listed shares
320 4 9
Harmonic Pattern formed – Bullish Bat pattern

Potential Reversal Zone (PRZ) – 1900

The index has made a low of 1912 and slightly recovered from that level. Short term trend is lighty bullish as long as support 1900 holds.

Any break below 1900 will drag the index down till 1870/1850.

Overall bullish invalidation only below 1800.

On the higher side minor resistance is around 1925 and break above will take the index till 1937/1946.

It is good to buy at dips around 1910-15 with SL around 1900 for the TP of 1937/1945
good find
Reply
what does SL and TP mean?
Reply
I am a newbie. can you please explain what "It is good to buy at dips around 1910-15 with SL around 1900 for the TP of 1937/1945 " means?

meziggy
Reply
still bullish?
Reply
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
Việt Nam
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Priority Support Contact Support Ideas Published Followers Following Private Messages Chat Sign Out