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jojofang0901

SPX500 Sell setup from the top

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Indeks S&P 500 (OANDA:SPX500USD)  
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OANDA:SPX500USD   Indeks S&P 500
Chart Patterns Parallel Channel Flag priceaction structure pattern impulse correction Wedge
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chartpattern parallelchannel flagpattern priceaction structure pattern impulse correction wedgepattern

Hello traders:

Similar like my outlook on NASDAQ, I do see the bearish reversal price action in the making.

Previous sell from the top did not breakout of the HTF expanding structure, and move up once again to the tops.

We then see a double tops in the making, and a LTF ascending channel reversal.

Latest breakout form the channel can be the first sign of the bearish reversal we are waiting for.

Look for LTF continuation correction to get in the on the sell down.

Thank you
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