The S&P500 index reached on Friday the bottom of the 3 month Channel Down and today's big (1d) green candles shows us that the Lower Low is most likely priced.
Technically this is the most ideal buy entry for a rise towards the top of the pattern.
Every top/ Lower High reached at least the 0.618 Fibonacci retracement level.
Trading Plan:
1. Buy on the current market price.
Targets:
1. 4285 (0.618 Fibonacci level).
Tips:
1. The RSI (1d) made a Double Bottom and rebounded, a strong bullish sign. Pay attention to the Falling Resistance, you may want to book the profit earlier on a potential rejection there.
Please like, follow and comment!!
Notes:
Past trading plan:
Technically this is the most ideal buy entry for a rise towards the top of the pattern.
Every top/ Lower High reached at least the 0.618 Fibonacci retracement level.
Trading Plan:
1. Buy on the current market price.
Targets:
1. 4285 (0.618 Fibonacci level).
Tips:
1. The RSI (1d) made a Double Bottom and rebounded, a strong bullish sign. Pay attention to the Falling Resistance, you may want to book the profit earlier on a potential rejection there.
Please like, follow and comment!!
Notes:
Past trading plan:
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Also doing account management, earn +15% monthly profit!
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