Potential SP500 Reverse Head and Shoulders formation

46 0 1

A potential formation of an SP             500 reverse head and shoulder pattern has occurred as of September 25th. A Descending neckline has formed on points A and B with a head formation on an August 24 low of 1819. A Descending wedge pattern was initiated at neckline point B and is now complete at the right shoulder. Due to the descending wedge upside target, a reversal to point C and above neckline has potential. If the SP             500 closes above the neckline at point C on higher volume , a valid formation of a Reverse Head and shoulders is expected with a significant upside target of 2280. It is recommended that stop losses be placed at or below the neckline.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out