In 3 year S&P 500 performed very well. It grew 100% since the beginning of 2019 and established an intersting structure which is a repetition of patterns and similar moves.
The blue lines you see are the top and the bottom of the channel, they're signaling further upside before a substantial crash.
One of the pattern i noticed and posted the last time was about the double tops inception of the SPX and this time i want to move your attention to the huge quantity of bullish divergence and how useful they are to recognize a bottom and eventually, a trend reversal.
I started to measure the quantity of bullish divergences since may 2019, since that day we had around 6 (maybe more if you search deeper) bullish divergences. Every of them took to a bullish reversal.
We're now facing a new POSSIBLE bullish divergence forming on the 4h.
Will it hold and rally?
hoping for a peaceful world!
The blue lines you see are the top and the bottom of the channel, they're signaling further upside before a substantial crash.
One of the pattern i noticed and posted the last time was about the double tops inception of the SPX and this time i want to move your attention to the huge quantity of bullish divergence and how useful they are to recognize a bottom and eventually, a trend reversal.
I started to measure the quantity of bullish divergences since may 2019, since that day we had around 6 (maybe more if you search deeper) bullish divergences. Every of them took to a bullish reversal.
We're now facing a new POSSIBLE bullish divergence forming on the 4h.
Will it hold and rally?
hoping for a peaceful world!
