Akil_Stokes

S&P 500 - Bearish Gartley Pattern

Short
AMEX:SPY   SPDR S&P 500 ETF TRUST
Had this on my watchlist this morning but forgot to share, but here we have a completed bearish gartley on the S&P. Recently price has also put in a doji candles followed by a lower low, lower close candles which is a positive sign for bearish traders.

Now it's important to remember that with these pattern formations we're not predicting full blown reversals in trend, rather just a short period relief.

If you have any questions or comments, please leave them below. Also I run a LIVE STREAM here on Tradingview each Tues, Wed & Thurs at 7:30 am New York time. Feel free to stop by if you have the time.

Akil

"The Trading Coach Podcast" - Available on your favorite podcasting app!
anchor.fm/thetradingcoachpodcast
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.