PontusTrader

SPX500 Bearflag with rising wedge on hourly

PontusTrader Mis à jour   
OANDA:SPX500USD   Indice S&P 500
Could be a big sell if the flag breaks - just be careful on longs, tight stops.
Commentaire:
Second attempt this morning to break out of wedge - Bulls be careful, you are on the attack - your flank is exposed cause you're attempting a breakout of a bearish pattern (rising wedge).
Commentaire:
Appears wedge breakout was a trap.
Update chart, this bear flag support has to hold or we waterfall down.
Commentaire:
Flag held, but now we have a pullback to rising wedge resistance breakdown, partial profits should be taken.
Commentaire:
It's a strong support area, could be just a liquidity test before ripping higher. Hard to open a new position here if you're not already in - staying in cash for now.
Commentaire:
Bulls screwed up here letting this flag break. We'll see how tomorrow plays out.
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.