SPDR S&P 500 ETF TRUST
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SPY - Exploring a Classic Drop Base Drop Trading Setup

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Hey traders! ๐Ÿ‘‹๐Ÿ“Š Today, let's dive into an intriguing classic drop base drop setup that has caught my attention on the charts. ๐Ÿ“‰๐Ÿ’ผ

The recent market movement revealed a lucrative pattern, highlighted by today's MM (Market Makers) absorption. ๐Ÿ“ˆ๐Ÿ’ฐ This absorption has strategically paved the way for a potential leveraged movement within the $449 dollar range, showing liquidity and absorption in the basing candles. ๐Ÿš€๐Ÿ“‰

I'm watching this 449 for a Put re entry as MM may leverage in here for a second time.

Disclaimer: This content is for educational and informational purposes only. It is not intended as financial advice. Trade responsibly and always conduct your research. ๐Ÿ’ผ๐Ÿ”

Happy trading, and may the charts be ever in your favor! ๐Ÿ“Š๐Ÿ“ˆ๐Ÿš€

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