In the weekly frame on the S&P500 index, there is a pattern called three black crows and it is a bearish pattern that will lead to a downward move in the upcoming weeks. in July and August 2023, the same pattern happened and the market rebounded for two weeks then the downward move began to make the index retrace about 9% As we can see on the chart the index...
SPX500 keeps falling but will soon retest A horizontal support level Of 5045.38 from where we Will be expecting a local Bullish rebound !
SPX500 at has reached at resistance level according to weekly chart..The next step is to look for sell entry and observe risk management.
Pair : SPX500 Index Description : Bullish Channel as an Corrective Pattern in Short Time Frame and Long Time Frame and Rejection from Upper Trend Line Break of Structure RSI - Divergence Impulse Correction Impulse
SPX500 went up and Retested the horizontal Resistance of 5147.42 From where we are already Seeing a move down So I think that we will See a further move down !
SPX500 went up today And has almost reached A horizontal resistance level Of 5183 from where We will be expecting A local bearish reaction !
SPX500 keeps falling down And SPX500 is now locally Oversold so I think that After the price hits The horizontal support Below at 4940 we will See a local bullish correction!
SPX500 was trading in a Bullish flag pattern and now We are seeing a bullish breakout So we are bullish biased Now and we will be expecting A further move up !
SPX500 broke the support Cluster of the rising and Horizontal levels at 5018 And the breakout is confirmed So I think that we will see A further move down!
SPX500 is making a Pullback from the broken Rising support line which is Now a resistance and I think That we will see a further Move down !
SPX500 is retesting the Horizontal support level of 4848 From where we are seeing A bullish rebound already And I will be expecting A further move up!
SPX500 is trading in an Uptrend along the rising Support line from where We are already seeing a Bullish rebound so I think That it will go higher still !
Pair : SPX500 Index Description : Rejecting from Resistance Level with Strong Divergence in RSI. Bullish Channel as an Corrective Pattern in Long Time Frame with the Rejection from Upper Trend Line. Completed " 12345 " Impulsive Waves
SPX500 will soon hit A horizontal resistance Level of 4795.2 and After the retest we will Be expecting a move down !
Pair : SPX500 Index Description : Bullish Channel as an Corrective Pattern in Long Time Frame. It has completed " 12345 " Impulsive Waves at Daily Resistance Level creating Double Top Pattern as Corrective Pattern in Short Time Frame. We have Strong Divergence and CHoCH
SPX500 went up and hit A horizontal resistance of 4770 From where we are seeing A bearish reaction so I think That we will see a move down !
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Pair : SPX500 Index Description : Completed " 12345 " Impulsive Waves at Daily Resistance Level. Impulse Correction Completed. Breakout of the Corrective Pattern " Bullish Channel " in Short Time Frame and Strong Divergence in RSI