The S&P500 index / US500 is testing the Rising Support of Higher Lows this week, stemming directly from the bottom of the 2022 correction.
A symmetric Support is just underneath and this pattern has various (dashed or bold) stemming from the Bear Cycle.
What many may fail to see though is a giant Inverse Head and Shoulders pattern that is forming the Right Shoulder.
If that's the case, then S&P can target the Fibonacci 2.0 level at 5800 as early as mid 2025!
Too much to ask??
Follow us, like the idea and leave a comment below!!
A symmetric Support is just underneath and this pattern has various (dashed or bold) stemming from the Bear Cycle.
What many may fail to see though is a giant Inverse Head and Shoulders pattern that is forming the Right Shoulder.
If that's the case, then S&P can target the Fibonacci 2.0 level at 5800 as early as mid 2025!
Too much to ask??
Follow us, like the idea and leave a comment below!!
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TELEGRAM: t.me/thecryptagon
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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.
TheCryptagon offers news & insights on global markets (crypto, forex, stocks, commodities). Follow so you don't miss anything!
🤑Message us for private forex & crypto signals in our VIP channel (70% accuracy)!💰
TELEGRAM: t.me/thecryptagon
🤑Message us for private forex & crypto signals in our VIP channel (70% accuracy)!💰
TELEGRAM: t.me/thecryptagon
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.