[SPX] Diamonds Are For Bears

Zaktualizowano
Just noticed this gem...
Uwaga
Diamond exactly on top of 1Y Peak Trend is pretty scary haha
Uwaga
Seems about right...
snapshot
Uwaga
It's also kinda a 4D H&S.
Uwaga
Bullish breakout? Bearish breakdown? Hold for confirm....
snapshot
Uwaga
False breakout to breakdown?
snapshot
Uwaga
false breakdown to real breakout!
snapshot

Sitting right back on the growth trend there. It seems strong enough but it's right on the edge. It'd be more bearish if it had fallen short of that fractal.
Uwaga
Look at that beautiful diamond retest and reversal fractal straight up into yellow and through for the expected breakout.

The breakdown below blue was a clear downward continuation signal before the powerful up reversal into close.

Let's zoom into the 2M microcosm here...
snapshot
Uwaga
Algos man...
snapshot
Uwaga
It's like a cheat sheet for the trading day haha.
Uwaga
snapshot
Uwaga
Still hangin on this line...
snapshot
Uwaga
Broke under blue dotted, look for yellow break or bounce next...
snapshot
Uwaga
It broke but recovered and began a bounce, lets see how it reacts around the blue dotted again...
snapshot
Uwaga
Rejected off blue dotted slightly here, didn't reach yellow dotted...
snapshot
Uwaga
Rejected off yellow dotted and bounced off the new blue dotted and then broke through yellow...
snapshot
Chart PatternsFundamental AnalysisSPX (S&P 500 Index)S&P 500 (SPX500)Trend Analysis

Data analyst with a passion for best fit lines B)

Powiązane publikacje

Wyłączenie odpowiedzialności