S&P 500 SIDEWARD MOMENT BEFORE BIG BREAKING DOWN ???
Hi
The price broke the bottom of the bearish pennant but failed to continue within his way to its projected mast. The price is boxed in a very narrow range between 2952 and 2786.
The 2952 price level is a resistance just matching 61.8% fibo of the entire previous down segment.
Will we continue to be encapsulated in the cumulative range or will it definitively prove breaking up the resistance above or the pivot below, in the latter case going to look for the target of his pennant?
cheers!
The price broke the bottom of the bearish pennant but failed to continue within his way to its projected mast. The price is boxed in a very narrow range between 2952 and 2786.
The 2952 price level is a resistance just matching 61.8% fibo of the entire previous down segment.
Will we continue to be encapsulated in the cumulative range or will it definitively prove breaking up the resistance above or the pivot below, in the latter case going to look for the target of his pennant?
cheers!
t.me/tradessignals