V-shaped recovery pattern is still a Thing.

17 Jun 2021

Hi, until now this pattern im following since the start of the Recovery is still valid.
Its the exact same Pattern back in 2009-2012 when the sp500 recovered. (Will post picture below)

It gets invalidated if it breaks above the Resistance Curve (Top one) or Support (Lower one).

Im personally not shorting this, but the setup is a good one with SL above Resistance.
Im waiting patiently to enter Longs at my Buy zone (White Lines).

DYOR and Have a nice Day!

17 Jun 2021

Nota

V-recovery after ´09 Crash

Expecting this Pattern to play out again basically.

17 Jun 2021

Nota

Its hard to time, when the support test will come.
Another reason i wouldnt short this. This could chill some more weeks on resistance before it comes. Also, its invalid in case it should go above my resistance.

23 Jun 2021

Nota

if some1 is interested in shorting, it currently looks like we test resistance once again, this zone would currently be my short entry, with sl like 0.5-1% from entry. dyor, im personally not shorting it