kindCamel62084

kindCamel62084

The graph says it all. Falling Wedge trading idea.

kindCamel62084 Updated 

Note that red support line coincide with 100-day MA. This is not an investment advice! Only for educational purposes.

kindCamel62084 Updated 

Entry point $23,5. Stop loss closing below $21,9. Exit target $38

kindCamel62084

Huge gap between resistance and support making it extremely volatile. Panic selling bottomed just above its 50 day MA. I strongly believe its going to try and break resistance 1 again, if it does we are in bull trend and next target will be resistance 2. Now why this matters? Simply risk reward analysis at current price is totally worth it

kindCamel62084

Ready to break out to form a shark pattern. Target $22

kindCamel62084 Updated 

SP500 expected to be trapped between highlighted resistance points before flying off in August.