The candle stick formation in #spy is spinning top on an uptrend. I have posted earlier about the swing direction which is up but for few technical reason the stock will make a pull back before proceeding up again.
This creates a great opportunity for both scalper and swing trades.
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The last up trend is in orange.
When I drew fibs on the last trend it gave new levels for new trend. and since the market has already entered the new uptrend, the level target is given in the chart.
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