History repeats. In February, we had a low volume wide up green candle (Anomaly). The second day followed by a high volume small bar gap down red candle. This is a topping pattern.
Now we are in the same position. This past Friday closed as the exact same pattern, while in this wedge RSI is not rising corresponding to price. I will watch for a sharp breakdown of the wedge and potentially go to 2700 area for a big correction.
Keep in mind even though this happens, it is a huge buying opportunity. I am still targeting SPX to reach 3100-3200 by the end of the year.
I already started the short position at SPX500 2935 level and will add shorts when breakdown happens.
Now we are in the same position. This past Friday closed as the exact same pattern, while in this wedge RSI is not rising corresponding to price. I will watch for a sharp breakdown of the wedge and potentially go to 2700 area for a big correction.
Keep in mind even though this happens, it is a huge buying opportunity. I am still targeting SPX to reach 3100-3200 by the end of the year.
I already started the short position at SPX500 2935 level and will add shorts when breakdown happens.
Trade fechado manualmente
Bear flag breakdown but stopped mid way. I suspect spx going higher now.Trade ativo
reopened, we crashingTrade fechado: objetivo atingido
Aviso legal
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Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.