$SPY Important Area For Shorts And Longs
Please let me know what you think.
Crucial area #4
Longs need to bypass this area to reach upper channels.
Shorts need a bounce off #4.
Currently seems like an inverted H&S is forming.
In order to complete this pattern, 415 must be hit before dip to create second shoulder.
Let me know what yall think. Have a great day.
Crucial area #4
Longs need to bypass this area to reach upper channels.
Shorts need a bounce off #4.
Currently seems like an inverted H&S is forming.
In order to complete this pattern, 415 must be hit before dip to create second shoulder.
Let me know what yall think. Have a great day.
Komen:
Bounced off #4, broke through lower trendline. Not Looking Good for Longs