hey traders,
on spy the market has reached a very significant level of resistance.
for more than 10 days I am looking for selling opportunities there,
and now I think we finally have a potential confirmation pattern to sell the market.
first of all, the market has recently formed a double top pattern,
approaching this 2815 level.
Rsi shows a clear divergence.
on 1h chart we have a nice head and shoulders pattern,
I will be waiting for a bearish violation of a neckline to sell the market.
for targets I look left at structure:
your initial target might be 2690
and the second target around 2640
good luck!
Comentário:
attempt to break
Trade ativo:
Clear breakout
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