History repeats. In February, we had a low volume wide up green candle (Anomaly). The second day followed by a high volume small bar gap down red candle. This is a topping pattern.
Now we are in the same position. This past Friday closed as the exact same pattern, while in this wedge RSI is not rising corresponding to price. I will watch for a sharp breakdown of the wedge and potentially go to 2700 area for a big correction.
Keep in mind even though this happens, it is a huge buying opportunity. I am still targeting SPX to reach 3100-3200 by the end of the year.
I already started the short position at SPX500 2935 level and will add shorts when breakdown happens.
Now we are in the same position. This past Friday closed as the exact same pattern, while in this wedge RSI is not rising corresponding to price. I will watch for a sharp breakdown of the wedge and potentially go to 2700 area for a big correction.
Keep in mind even though this happens, it is a huge buying opportunity. I am still targeting SPX to reach 3100-3200 by the end of the year.
I already started the short position at SPX500 2935 level and will add shorts when breakdown happens.
Trade fermée manuellement
Bear flag breakdown but stopped mid way. I suspect spx going higher now.Transaction en cours
reopened, we crashingTrade fermée: cible de profit atteinte
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Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.