S&P500 Channel Down or Bull Flag? Trade accordingly.

US 500Capital.com

Description

⋅ Apr 24, 2023 4:38 PM

The S&P500 is testing the Rising Support of the Channel Up pattern.

It is doing so inside a dashed Channel Down, which can also be a Bull Flag.

As long as the price closes over the Rising Support, buy and target 4215 (Fibonacci 1.5).

If it closes under it, sell and target 4050 (4hour MA200).

Previous chart:

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Comments

UnknownUnicorn15614419

⋅ Apr 25, 2023 7:24 PM

Beautiful chart

Solldy

⋅ Apr 25, 2023 6:21 PM

Keep it up! After the latest asset movements, this scenario is more appropriate than ever. I wonder if you use leading indicators to confirm your ideas?

FirstNameHelen

⋅ Apr 25, 2023 12:37 PM

High quality stuff, keep on the good work!

DeGRAM

⋅ Apr 25, 2023 11:45 AM

Well done mate, keep on doing the great work