Indeks S&P 500Short
S&P500 / W1 : Overbought Signal and price confirmation... Ugly !
TIP : when prices show an overbought signal with a lower high, the following wave generally reaches out to an oversold momentum and therefore most likely breaks trough the previous low.
The only way out of this pattern is to reach out to the previous high or ranging the local price area till momentum shows a squeeze pattern.
Hope this idea will inspire some of you !
Don't forget to hit the like/follow button if you feel like this post deserves it ;)
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Kindly,
Phil
The only way out of this pattern is to reach out to the previous high or ranging the local price area till momentum shows a squeeze pattern.
Hope this idea will inspire some of you !
Don't forget to hit the like/follow button if you feel like this post deserves it ;)
That's the best way to support me and help pushing this content to other users.
Kindly,
Phil
To learn more about the PRO Strategy and request a trial for the indicators:
Website : pro-indicators.com
Discord : discord.gg/Agdf5rt
Website : pro-indicators.com
Discord : discord.gg/Agdf5rt
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