On the daily time frame, SPX/USDT has formed a classic Cup and Handle pattern, one of the most reliable bullish continuation setups. The structure shows a smooth rounded base followed by a brief consolidation forming the handle.
Now, the price is attempting a breakout from the handle zone, signaling momentum for the next leg up. A daily candle close above the handle resistance will confirm the pattern breakout and likely trigger strong upside movement.
Now, the price is attempting a breakout from the handle zone, signaling momentum for the next leg up. A daily candle close above the handle resistance will confirm the pattern breakout and likely trigger strong upside movement.
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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.