Inverse head and shoulders with SP500.
USBANKS COMPLETED BEAR WEDGE.
Since US banks and SP500 have a higher 70-99% correlation, the prediction is that the banks will start a new pattern with its correlation with the SP500 temporarily recover Bullish to complete the inverse Head and Shoulders Pattern while starting a new pattern for the US banks
USBANKS COMPLETED BEAR WEDGE.
Since US banks and SP500 have a higher 70-99% correlation, the prediction is that the banks will start a new pattern with its correlation with the SP500 temporarily recover Bullish to complete the inverse Head and Shoulders Pattern while starting a new pattern for the US banks
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.
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.