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ACB: a buck up, then a bucket down?
Do we see a long term upside? YES! Do we see a short term upside?
Looking at the past year, with those two huge mountain tops, I think we would be wise to be VERY careful...
Last three months are three giant green candles. March's candle is green with an epic wick on top. TA is never wrong. Maybe we'll see an indecision candle for the first week of April, but the month is guaranteed to be big and red. At best, we'll see a buck up, then a bucket down.
Looking at the past year, with those two huge mountain tops, I think we would be wise to be VERY careful...
Last three months are three giant green candles. March's candle is green with an epic wick on top. TA is never wrong. Maybe we'll see an indecision candle for the first week of April, but the month is guaranteed to be big and red. At best, we'll see a buck up, then a bucket down.
Note
Keep in mind also, that SPY seems deceivingly bullish. That parabolic curve is about to flatten out. Buyers beware!Note
PS. There are some very familiar levels in this FIB range...
🅱🄰🆁🅺🆆🄾🆁🆃🅷
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🅱🄰🆁🅺🆆🄾🆁🆃🅷
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.