US500/ SPX H3: XABCD BEARS: 4 000 points TOPS (UPDATED)(SL/TP)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
Tagged as SHORT because short-term I expect
more losses / 5% pullback off the highs.
🔸 Summary and potential trade setup
::: US500/ SPX H3 market overview/outlook
::: updated revised outlook
::: setup still...
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Here is the top-down analysis for US500, feel free to request any pair/instrument or ask any questions in the comment section below.
Best of luck!
The price movement in the growing channel has been going on since 2018.
In February 2020, there was a strong collapse.
But in August, the price went back to the channel.
Then she made several more false breakdowns of the support.
And then it rose to the resistance trend line.
Now the price is in the area of this line.
I expect it to touch resistance 3982.9.
And...
US500/SPX H3: XABCD BEARS: 4 000 points TOPS (NEW)(SL/TP)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
Tagged as SHORT because short-term I expect
more losses / 5% pullback off the highs.
🔸 Summary and potential trade setup
::: US500/SPX H3 market overview/outlook
::: XABCD Bears in progress / speculative setups
:::...
Pattern: Bullish Megaphone on 4H.
Signal: Buy as the price broke above the inner Lower Highs trend-line and is turning the 4H MA50 (blue trend-line) into Support. The RSI is on a Bullish Divergence.
Target: 4,040 long-term (the 1.382 Fibonacci extension ).
Previous S&P signal:
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The price is in a strong uptrend and has continued to rise since June 2020, when one of the major resistance lines was formed on the chart. During this growth, the price touched the line at 3958.0. after which it began to fall to the lower border of the trend. Another resistance line has formed at the tops of this fall.
Yesterday the price touched it at point...
As you can see the price has broken the bearish trend line and a pullback to the line has happened plus I believe the sentiment of the market is bullish, so it is good entry point with good risk to reward ratio.
This thing went crazy today, but the meds aren't working. News of the stimulus was , for the most part, built in. It is time to "sell the news". The buyers are running out of steam. Though I don't see a massive correction, I do see a drastic pull back. What comes up, must come down. SPY, US500 is still in a down trend, and I firmly believe this downtrend will...
price is making higher highs and higher lows in a supposingly downtrend indicating a possible continuation to the downside.
besides, the double top and bearish divergences may adds confluence to assume it might breaks, if ever!
