-0.93% SPX In The Negative
-0.93% SPX In The Negative
The E-mini S&P 500 Index Futures, could be potentially forming a diamond pattern on the 4-Hour chart, indicative of a coming decision from investors and traders on Wall Street.
If the pattern continues, which your author and trading friend suggests, new major support and resistances will be formed, and a strong market rally could occur or seem to begin, or rather continue, within 7 to 14 days.
If the diamond pattern fails to move price action into a continuance of bullish behaviour, alpha traders will be closely watching to sell out of up-trending swings.
If you've been in the rally and are currently positive watch for this diamond pattern on the 4-Hour and 1-Day Chart, as it will have a major effect/affect on the 1-Week Chart. Alpha Traders trading the weekly chart should take note of your moving averages.
What do you think? Leave your comments below.
The E-mini S&P 500 Index Futures, could be potentially forming a diamond pattern on the 4-Hour chart, indicative of a coming decision from investors and traders on Wall Street.
If the pattern continues, which your author and trading friend suggests, new major support and resistances will be formed, and a strong market rally could occur or seem to begin, or rather continue, within 7 to 14 days.
If the diamond pattern fails to move price action into a continuance of bullish behaviour, alpha traders will be closely watching to sell out of up-trending swings.
If you've been in the rally and are currently positive watch for this diamond pattern on the 4-Hour and 1-Day Chart, as it will have a major effect/affect on the 1-Week Chart. Alpha Traders trading the weekly chart should take note of your moving averages.
What do you think? Leave your comments below.
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.
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.