SXR8 BEARISH ETF Short

ISHARES CORE S&P 500 UCITS ETFXETR

Description

⋅ Nov 17, 2022 12:13 PM

EMA 24 (Monthly) Acting as a dynamic recent price support
EMA 50 (Monthly) Acting as a dynamic support

Confluences: May 21 low and -0.27 fibbonacci
Rejecting 0.618 fibb line

Structure flag - A breakdown below the lower boundary of the channel could trigger this idea.

Comment

⋅ Nov 25, 2022 11:15 PM

last were closed with uncertainty (were closed as doji candle patterns). The 401.16 key level was rejected until now.