This is my first time taking a crack at the SP 500....
I think i may have came across an opportunity to enter a short..
Price appears to respect (at least somewhat) the 61.8 fib level,
thanks to corona price has been in a sharp decline, and this rally just maybe (MAYBE, MAYBE) over, and sells shall continue.
Price is also in a supply zone and has struggled to break through...
i plan to enter on a "pullback," after price completes the "right shoulder of the H&S pattern.
Also on the weekly, price entered in a doji candle, showing a lot of bearish pressure.
also a bold rejection of the 61.8 weekly fib level
Like, comment, follow please. If you have a different opinion feel free to comment.
I think i may have came across an opportunity to enter a short..
Price appears to respect (at least somewhat) the 61.8 fib level,
thanks to corona price has been in a sharp decline, and this rally just maybe (MAYBE, MAYBE) over, and sells shall continue.
Price is also in a supply zone and has struggled to break through...
i plan to enter on a "pullback," after price completes the "right shoulder of the H&S pattern.
Also on the weekly, price entered in a doji candle, showing a lot of bearish pressure.
also a bold rejection of the 61.8 weekly fib level
Like, comment, follow please. If you have a different opinion feel free to comment.