[SPXL] Falling Wedge: Get Ready to Short the BREAKOUT!
When this thing breaks Mon or Tues, we're supposed to get some upside reversal movement but that won't last for long.
Will make for another good short entry point here before it continues heading down through October.
Will make for another good short entry point here before it continues heading down through October.
Note
We may have gotten our breakout already! As you can see, Price got stuck right on the yellow S/R.
Lets see if it has the power to move up to blue or if it'll fall back to lower blues.
Green and Pink are max peak but I doubt it gets close to there.
Data analyst with a passion for best fit lines B)
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Data analyst with a passion for best fit lines B)
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.