Pattern: Bullish Megaphone on 4H.
Signal: Sell as the price is close to the Higher Highs trend-line of the pattern with the MACD flat.
Target: 3320 and if 3310 breaks, extension to 3270.
Most recent S&P trade:
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It hasn't ventured out of the channel yet since thee beginning of the month. It's been very predictable and easily tradeable this week as long as you're paying attention to the support and resitance zones that it continues to create as it works it's way through the channel. However, we're nearing the ATH and I'm curious as to if we'll see if the resistance force...
A few days ago I posted about a potential double top forming on SPX500 after a strong uptrend. Well Price has yet to break the resistance level.
It is also forming another double top on the 1hr Timeframe. I would keep my eye on this to catch the beginning of a new downtrend.
Also on the daily price shot down to create a lower low prior to this price action we are...
VALID 1D, 1W,4H,1H OUR CV ZONES SITTING AT A GOOD LEVEL OF PREVIOUS RESISTANCE/SUPPORT LEVELS. MY BIAS IS SPX WILL FILL THIS BIG SELL OFF IMBALANCE GO UP TO A HIGH LEVEL OF RESISTANCE TO SELL OFF. SO THIS SETUP CAN BE A BUY UP TO SELL OFF.
📍Hello all traders
S&P 500 Setup / Analysis
Just browsing through my analysis means a lot to me.
Please follow the analysis very carefully and every detail of the chart means a lot. And always entry depends on many reasons carefully studied
Always enter into deals when there are more than 5 reasons
Key Technical / Reason's ...
Now, we heading towards big resistance (3385) so we would clearly see a fast and huge drop towards my trendline
Check my setup for a insane, risk to reward trade :)
PS: send me a personal massage if you taking this trade :) Have a great day!