CoinedByCrypto

Bowtie in SPXU on 10 min chart

Long
AMEX:SPXU   PROSHARES TRUST
Can the price break the sar (well has already) and stay at the 37.90ish handle for about a little hour ...maybe only 45 min (hard to predict exactly) then
we probably see a bowtie (moving average coiling) and a price continuation to the upside and not a bear flag into the close.
The same thing that happen at 3:20 when the red ma crossed the 2 other ma's
But price need to stay carme here so ma's can catch up.

Safe trading Ladies and Gents
Time will tell!

@BLawrenceM

Comments

These 2 ma's - the orange and purple - is the hurdle to overcome on the 5 min chart to get the bowtie $SPXU These 2 ma's - the orange and purple is the hurdle to overcome on 5 min chart to get a bowtie
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