Fxprotrader

SPX500 Pending Head & Shoulders Pattern

Short
FX:SPX500   Indice S&P 500
A bearish shark pattern is working pretty good till now and after a sharp drop from it's D ponit a correction is expected. If price pulls back for that correction it will probably complete a head and shoulders wave pattern which will most likely push price to the down once more.

So watch for a sell setup to form at the level of the left shoulder, with a second option is to wait for price to break the neckline of the pattern.

Keep your trading simple, follow your own plan! Like and comment if you agree!
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