Timing the market is quite a difficult task, and in predicting tops and fully committing to a bearish trade one must be cautious with their entry and analyze the possibility of different patterns playing out on multiple time-frames. Thus the subjective nature of trading is inherently flawed to push individuals on a majority-biased position with the help of the media and miss-information on technical analysis
What is playing out on the SPX on the weekly appears to be a bearish three drive pattern that is sort of like an extremely stretched pennant that has a peak that will either break upwards or down with force,
However, the SPX now has more bearish stacked positions and the market makers/institutions will attempt to screw them by running their stops to $3020 one last time in the upcoming months before completely demolishing the bulls and actually start plummeting. Not just a 3% drop in a week.
The trade here is a potential short term long entry and ride it to $3020 before converting full on short and analyzing the 1.618 extension down to $2200
What is playing out on the SPX on the weekly appears to be a bearish three drive pattern that is sort of like an extremely stretched pennant that has a peak that will either break upwards or down with force,
However, the SPX now has more bearish stacked positions and the market makers/institutions will attempt to screw them by running their stops to $3020 one last time in the upcoming months before completely demolishing the bulls and actually start plummeting. Not just a 3% drop in a week.
The trade here is a potential short term long entry and ride it to $3020 before converting full on short and analyzing the 1.618 extension down to $2200
Dagangan aktif
Trying to determine if it will play out, or just retesting s/r flip
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.