bigrediska

Waiting for the reversal.

AMEX:SPY   SPDR S&P 500 ETF TRUST
So, we've reached 2/3 of the level of correction of Fibonacci. And, at the same time, the upper border of Bollinger bands. Yellow candlesticks tell us to get ready. On the other hand, the downward trend is still weakly expressed. In addition, we see the continuation of a series of trend candles.And the main thing is that the trend line (gray) is not damaged yet. The conclusion here is this: long positions no longer open and watch what will happen?
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.