FXAZE
Short

S&P Sell the pull back after making a bearish Bat pattern

FX:SPX500   S&P 500 Index
The last bar - is a reversal Engulfing pattern. Good confirmation signal
It's better to Sell SPX500 than Buy.

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Comments

The thing with this patterns is that the last top of the second wing could be anywhere... could be at 2960, 3000, 3030... it may just keep goin' up... then one risks shortin' and get rekt...
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FXAZE chocotraders
@chocotraders, Trade what you see.
+1 Reply
@FXAZE, so far I see this, an intact uptrend ... (maybe worth mentioning an explosive one not seen since about 2009 or so...)

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is there gonna be a pullback???
Reply
FXAZE chocotraders
@chocotraders, In order to sell, the price must be withdrawn to the previous support. If he doesn't back off now, we'il look for other reasons.
+1 Reply
@FXAZE, previous support at 2995?
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FXAZE chocotraders
+2 Reply
chocotraders chocotraders
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