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Bull market at risk: an ideal short setup
Rounding top formation is developing for S&P 500.
Even if a bullish Bat is nearly complete, given the recent strong momentum to the downside I would rather prefer to wait for a retracement to a significat structure level and get involved short.
If price break below the rounding top neckline we may see the beginning of bear market.
Even if a bullish Bat is nearly complete, given the recent strong momentum to the downside I would rather prefer to wait for a retracement to a significat structure level and get involved short.
If price break below the rounding top neckline we may see the beginning of bear market.
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