I was able to call the top back in February by using this simple trend line (see my related idea below for proof).
We are currently hitting this same line again. It doesn't mean this is the top, but it's a possibility. It's also possible that SPY breaks to the top, tests this trend line as support and goes parabolic like we have seen in the past (1999). It's a key area for a good risk reward setup.
We are currently hitting this same line again. It doesn't mean this is the top, but it's a possibility. It's also possible that SPY breaks to the top, tests this trend line as support and goes parabolic like we have seen in the past (1999). It's a key area for a good risk reward setup.
My goal is to find the best risk:reward setups. For instance, if you risk $1,000 at a chance to make $5,000, you can afford to be wrong 4 out of 5 times and still not lose money. I hit my targets over 50% of the time.
Related publications
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.
My goal is to find the best risk:reward setups. For instance, if you risk $1,000 at a chance to make $5,000, you can afford to be wrong 4 out of 5 times and still not lose money. I hit my targets over 50% of the time.
Related publications
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.