SPGI- currently down 28% from the ATH, and still in its downtrend.
Has reached and held support at 327. Might see another touch of 327 before attempt to change the trend by gaining yellow (360.55)
Targets in orange if 360.55 is gained as support.
If support is lost then targeting below in cyan.
SPGI has formed an ascending broadening formation or a megaphone pattern in two situations with a common uptrend line
In the first situation price dipped to the longer term (green) Trend line once the pattern completed
As the second situation is completing now, price should result in the same position on the longer term trend line (indicated by the curvy arrow)
My trading plan consists of collecting 5 confirmations MINIMUM on one singular timeframe, across 4 different timeframes (20 total minimum) before I even propose a trading idea to my community.
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Disclaimer: Though I take banger trades, you MUST understand the following DISCLAIMER: I am NOT your financial advisor, a financial advisor, NOR do I give financial...
The stock market is due another correction. Focus on the RSI, this kind of divergence could be seen with BTC in summer 2021 which lead to a huge correction and brief bear market. Consecutive ATH's on both chart, whilst RSI showing weaker peaks. It would be expected to see another correction resetting RSI levels.
The PEAD projected a Bullish outlook for $SPGI after a Positive Under reaction following its earnings release placing the stock in drift A.
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The PEAD projected a Bullish outlook for $SPGI after a Positive under reaction following its earnings release placing the stock in drift A
If you would like to see the Drift for another stock please message us. Also click on the Like Button if this was useful and follow us or join us.
MINI DOUBLE BOTTOM FORMED. PRICES CLOSED BULLISH ABOVE PREVIOUS LEVEL OF RESISTANCE WE'LL SEE THE PRICES GO UP TO 378.18 LEVEL THAT'S WHERE ONE TAKES PROFIT
No rising wedges
T2 are 100 percent but some go to 127% when they break from this pattern
Long term uptrend. NV is high/short is low
Not a recommendation
NYSE
