$SPY Important Area For Shorts And Longs
Please let me know what you think.
Crucial area #4
Longs need to bypass this area to reach upper channels.
Shorts need a bounce off #4.
Currently seems like an inverted H&S is forming.
In order to complete this pattern, 415 must be hit before dip to create second shoulder.
Let me know what yall think. Have a great day.
Crucial area #4
Longs need to bypass this area to reach upper channels.
Shorts need a bounce off #4.
Currently seems like an inverted H&S is forming.
In order to complete this pattern, 415 must be hit before dip to create second shoulder.
Let me know what yall think. Have a great day.
Note
Bounced off #4, broke through lower trendline. Not Looking Good for Longs
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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.