The S&P500 is testing the Rising Support of the Channel Up pattern.
It is doing so inside a dashed Channel Down, which can also be a Bull Flag.
As long as the price closes over the Rising Support, buy and target 4215 (Fibonacci 1.5).
If it closes under it, sell and target 4050 (4hour MA200).
Previous chart:
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It is doing so inside a dashed Channel Down, which can also be a Bull Flag.
As long as the price closes over the Rising Support, buy and target 4215 (Fibonacci 1.5).
If it closes under it, sell and target 4050 (4hour MA200).
Previous chart:
Follow us, like the idea and leave a comment below!!
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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.