TradingShot

S&P500 Targeting 3720 short-term

Long
FOREXCOM:SPXUSD   US SP 500 CFD
Pattern: Rising Wedge within Channel Up on 4H.

Signal: Buy as the price found support on the 4H MA50, which has been holding since November 23. If the Rising Wedge breaks, buy near the Higher Low of the Channel Up.

Target: 3720 (just below the -0.382 Fibonacci extension like every previous Higher High).



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