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FXAZE
Jun 11, 2019 4:46 PM

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

FX:SPX500240
S&P 500 index of US listed sharesFXCM

Description

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The last bar - is a reversal Engulfing pattern. Good confirmation signal
It's better to Sell SPX500 than Buy.

If you need any additional pair for analysis, please put the comments below. This analysis provided by request as well.

Trade active

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Candlestick AnalysisCypherSupport and ResistanceS&P 500 (SPX500)
Comments
LotusTrading20
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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...
FXAZE
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@chocotraders, Trade what you see.
LotusTrading20
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@FXAZE, so far I see this, an intact uptrend ... (maybe worth mentioning an explosive one not seen since about 2009 or so...)

LotusTrading20
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is there gonna be a pullback???
FXAZE
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@chocotraders, In order to sell, the price must be withdrawn to the previous support.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.
LotusTrading20
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@FXAZE, previous support at 2995?
FXAZE
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@chocotraders,
2892.7
LotusTrading20
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@chocotraders, 2895
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