s&p in expanding formation, likely a higher high incoming
hey.
s&p is creating a lower low, then as buyers surpassed the previous low, buyers proved themselves, they likely will go to the previous high and create a higher high as price 'breathes'
how high? i dont know, breakeven at previous high and attempt a 1:4
look at this chart on 5m timeframe , then divergences will make sense as confluences,
we dont care about h bear, its uptrend so we can ignore that, we like the bullish ones
s&p is creating a lower low, then as buyers surpassed the previous low, buyers proved themselves, they likely will go to the previous high and create a higher high as price 'breathes'
how high? i dont know, breakeven at previous high and attempt a 1:4
look at this chart on 5m timeframe , then divergences will make sense as confluences,
we dont care about h bear, its uptrend so we can ignore that, we like the bullish ones
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