SPX 4HR - Outside the BB - Gravestone Doji - R.I.P. @o.618
Gravestone (doji) starts outside the Bollinger Band followed by Red Engulfment Bar.
90% of trading is inside the Bollinger so probable she returns to the Moving Average
Trade Volume declined on the rising of price -- NO surge in volume to support the breakaway Island Top
Both Oscillators show a Bearish Divergence
IMPORTANT FIB RESISTANCE LEVELS
Note -- Dow Chart - Nasdaq - Russell 2000 - ALL show the same RED DOJI's on the 4-hour or day
90% of trading is inside the Bollinger so probable she returns to the Moving Average
Trade Volume declined on the rising of price -- NO surge in volume to support the breakaway Island Top
Both Oscillators show a Bearish Divergence
IMPORTANT FIB RESISTANCE LEVELS
Note -- Dow Chart - Nasdaq - Russell 2000 - ALL show the same RED DOJI's on the 4-hour or day
Trade active
Shorted SPY and QQQ - Tight StopTrade active
The last 4-hour bar had NO wick - Solid grind up from the base to top. This is still bullish??
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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.