Spx500 Head and shoulders possibility

10 de out. de 2020

Theres a series of Higher highs and Higher lows but now the markets reaching a point of trend resistance and also the 161.80 fibonacci level which could push it down and create a lower high and lower low,once thats established it could be the start of a down trend and the head and shoulders pattern usually occurs at the end of one of these Higher high and Higher low scenarios.