S&P500 hit the exact bottom of the long term Channel Up pattern and remains under the 4hour MA50.
This is an instant buy opportunity technically. The 4hour RSI double bottomed.
This price action looks very much like the previous Channel Lows of December and October.
We buy on the current market price. A crossing above the 4hour MA50 confirms it. Target 1 is 4100 (Fibonacci 0.618) and Target 2 is 4200 (Fibonacci 0.786).
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This is an instant buy opportunity technically. The 4hour RSI double bottomed.
This price action looks very much like the previous Channel Lows of December and October.
We buy on the current market price. A crossing above the 4hour MA50 confirms it. Target 1 is 4100 (Fibonacci 0.618) and Target 2 is 4200 (Fibonacci 0.786).
Follow us, like the idea and leave a comment below!!
TheCryptagon offers news & insights on global markets (crypto, forex, stocks, commodities). Follow so you don't miss anything!
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TELEGRAM: t.me/thecryptagon
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.
TheCryptagon offers news & insights on global markets (crypto, forex, stocks, commodities). Follow so you don't miss anything!
🤑Message us for private forex & crypto signals in our VIP channel (70% accuracy)!💰
TELEGRAM: t.me/thecryptagon
🤑Message us for private forex & crypto signals in our VIP channel (70% accuracy)!💰
TELEGRAM: t.me/thecryptagon
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.