S&P500 Index (SPY) How to Catch a Bullish Continuation 📈
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Hey traders,
Spy looks very bullish.
The market is steadily growing within a rising parallel channel.
Now the price is approaching the support of the channel.
To catch a trend-following movement with a confirmation
watch a tiny falling wedge pattern.
You need an hourly candle close above its resistance as a trigger to buy.
Then the market will go higher at least to 4720.
If the price breaks the support of the channel,
the setup will be invalid.
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