spy forming weekly h&s pattern at critical support 410.64 break would be confirmation where we an see 400 and below where we have our next critical support at 394 then 368 which is around the weekly 200 ema however we can bounce here and see 423 then 454
forming a double bottom at a historical inflection point where buyers tend to eat up this zone when the price comes to it and so far sending to our first pt every time we regard it as support paired together with the bullish gartley and weekly bullish divergence creates a very reasonable long opportunity for a long with a stop a bit below the double bottom support
coming back to support after testing trend resistance lets see if we bounce here or break
After breakout and backtest was textbook we can see some turbulence here coming into 200 ema on the daily as it is a supply zone
Confirming major resistance as support for first time while creating a falling wedge
I love this chart on acst only if it holds .38 giving you a perfect place for a stop loss that's what makes it so great paired with the bullish cypher and the massive inverse h&s