SXP $89LONG-TERM TARGET! $20 SHORT-TERM

Please See original idea linked below

Apologies, left out a couple details.

This shows the ABCDE wave analysis which formed on the weekly and is the basis for a bullish pennant.
And we all love a good bullish pennant, not so often you see it on weekly charts.
All other explanations in the original idea linked below. Thank you

DISCLAIMER: Not Financial Advice

Dagangan ditutup: hentian tercapai:

Unfortunately our stop-loss has been triggered, not even our last resort trend line or the daily support zone could hold price action.
But not to worry, as long as we close the weekly candle above horizontal support, we can re-open our positions.
I'm still bullish for the time being.