At the U-MLH the air is very, very thin now.
SPY is experience this and it looks like this market shows it's hand.
It's the second time where the breakout failed.
A classical Double-Top.
Today SPY will open back into the Fork, which is a very bad sign for climbing markets. And if SPY can't close outside the Fork today, it would be a clear short to me.
So, after the Wash of the Stops at the Top, what follows is the "Rinse" of the support level and then way down to the PTG1, the 1/4 line, and further to the PTG2 at the Center-Line.
SPY is experience this and it looks like this market shows it's hand.
It's the second time where the breakout failed.
A classical Double-Top.
Today SPY will open back into the Fork, which is a very bad sign for climbing markets. And if SPY can't close outside the Fork today, it would be a clear short to me.
So, after the Wash of the Stops at the Top, what follows is the "Rinse" of the support level and then way down to the PTG1, the 1/4 line, and further to the PTG2 at the Center-Line.
🔱 WHY FOLLOW & BOOST ME? 🔱
✅ Your greatest BENEFIT: learn to make money
✅ My GIFT to you: earn while learning
✅ Your best INSIGHT: wins & losses go hand in hand
👉 YT: youtube.com/@howtochart
👉 Web: HowToChart.com
✅ Your greatest BENEFIT: learn to make money
✅ My GIFT to you: earn while learning
✅ Your best INSIGHT: wins & losses go hand in hand
👉 YT: youtube.com/@howtochart
👉 Web: HowToChart.com
Penerbitan berkaitan
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.
🔱 WHY FOLLOW & BOOST ME? 🔱
✅ Your greatest BENEFIT: learn to make money
✅ My GIFT to you: earn while learning
✅ Your best INSIGHT: wins & losses go hand in hand
👉 YT: youtube.com/@howtochart
👉 Web: HowToChart.com
✅ Your greatest BENEFIT: learn to make money
✅ My GIFT to you: earn while learning
✅ Your best INSIGHT: wins & losses go hand in hand
👉 YT: youtube.com/@howtochart
👉 Web: HowToChart.com
Penerbitan berkaitan
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.