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Bearish 5-0 Entry Below Ascending Broadening Wedge Demand Line

Short
SPDR S&P 500 ETF TRUST (AMEX:SPY)  
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AMEX:SPY   SPDR S&P 500 ETF TRUST
Trend Analysis Harmonic Patterns Chart Patterns Ascending Broadening Wedge Bearish 5-0 reciprocalabcd S&P 500 (SPX500) BTC
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trendanalysis harmonicpatterns chartpattern ascendingbroadeningwedge bearish5-0 reciprocalabcd spx500 btc
Just Like BTC Did a Few Weeks Ago, The SPY has broken below an Ascending Broadening Wedge Demand Line and has formed a Bearish 5-0 at the tail-end of the breakout. The Reciprocal AB=CD PCZ of this Bearish 5-0 takes us to the 55% Fibonacci Retracement and that's where we closed today. If we get follow-through price action we should see the SPY Continue Downwards from here and perhaps fulfil the Measured Move of the Ascending Broadening Wedge and take us all the way back down to $344.43

Idées en relation

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The $SPY is Potentially Setting up for Another Short-term Bounce
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Temporary Bounce in the SPY off the Moving Averages Incoming
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Daily Head and Shoulders Pattern on the $SPY
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Bearish 5-0 Entry Below Ascending Broadening Wedge Demand Line
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