Possible head and shoulders
Spy posted a lower low recently. This has some bearish implications. The bounce we saw was expected to hit around the hight of the left shoulder at the 446ish mark.
At that 446 line we met the expected resistance and broke out of a symmetrical triangle on the lower timeframe.
We now wait and see if we brake the 430ish level on volume to confirm the pattern reversal.
At that 446 line we met the expected resistance and broke out of a symmetrical triangle on the lower timeframe.
We now wait and see if we brake the 430ish level on volume to confirm the pattern reversal.
Aviso legal
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