The bulls has the upper hand in the market SPX500. Looking back at the previous chart last two months, SPX500 has been consolidating inside a big bulls continuation chart pattern called THE ASCENDING TRIANGLE CHART PATTERN with a target of around $3400.
After the breakout from the horizontal resistance, looking at the lower time frame (4hours) the price chart of SPX500 has clear repeating the same chart pattern.
Traders are more bullish on SPX500, "JUST FOLLOW THE TREND" this is what is best at this particular stage as price will continue to push higher.
dear target for swing trader are as follows:
First target :$3103.2
Second target: $3114.4
Good luck to everyone! Click the follow button to stay tuned for more trading ideas! Like the idea? Hit the like button!
Ideas published should not be referred to as an investment advice and happy new months guy.
After the breakout from the horizontal resistance, looking at the lower time frame (4hours) the price chart of SPX500 has clear repeating the same chart pattern.
Traders are more bullish on SPX500, "JUST FOLLOW THE TREND" this is what is best at this particular stage as price will continue to push higher.
dear target for swing trader are as follows:
First target :$3103.2
Second target: $3114.4
Good luck to everyone! Click the follow button to stay tuned for more trading ideas! Like the idea? Hit the like button!
Ideas published should not be referred to as an investment advice and happy new months guy.