Hello, traders! 👋 Welcome to another technical analysis. Today, we're taking a closer look at SPY.
The chart illustrates a symmetry AB=CD pattern, which appears to be bullish on its daily chart. The price has reached an important support level at "D" 422.30000.
The strategy is straightforward: we will buy above the entry level (EL) at 427.10000 with a confirmed upward trend. Our stop-loss will be placed below the cluster zones at ST: 418.12379.
Our target levels will be as follows:
First target at 62% of AD: 445.20349- 79% of AD: 451.35905
Second target at 127% of AD: 469.70833-162% of AD: 482.52695
If you find this analysis interesting and useful, please show your support by liking and following. Stay tuned for more analyses like this one!
The chart illustrates a symmetry AB=CD pattern, which appears to be bullish on its daily chart. The price has reached an important support level at "D" 422.30000.
The strategy is straightforward: we will buy above the entry level (EL) at 427.10000 with a confirmed upward trend. Our stop-loss will be placed below the cluster zones at ST: 418.12379.
Our target levels will be as follows:
First target at 62% of AD: 445.20349- 79% of AD: 451.35905
Second target at 127% of AD: 469.70833-162% of AD: 482.52695
If you find this analysis interesting and useful, please show your support by liking and following. Stay tuned for more analyses like this one!
Nota
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.