H&S on the 1hr SPY

Atualizado
Hello Traders,

I hope your morning is going well. It looks like we have a H&S bottom on the 1hr. What does this mean? It means we're looking at a reversal. The last session showed as a soft (non-definitive) bottom on my indicators, but once we have confirmation of the H&S which we are close. This would move the probability a whole lot higher.

Good luck.

Cheers,
Mike
Nota
Note: I used 45min to be more precise on the markers. Meant to switched back, forgot.
Nota
Head & Shoulders Bottom = Inverse Head & Shoulders for those unaware.
Head and ShouldersTechnical Indicatorssnp500SPX (S&P 500 Index)S&P 500 (SPX500)SPDR S&P 500 ETF (SPY) Trend Analysis

Site: uprighttrades.com

old site: uprighttrader.com

Scripts: tradingview.com/u/UPRIGHTTrading/

Like & follow for great ideas & indicators!
Também em:

Aviso legal