DGSTACC: US500 MACRO ANALYSIS / DIAMOND FORMATION / REVERSAL???

In the chart above I have provided textbook matching example of a diamond formation that was entered with bearish sentiment and if followed should indicate a market reversal.
Points:
1. With a Higher Low (HL) being confirmed at the moment next leg to follow should be to the upside.
2. A cross Below 3750 would invalidate this setup.
3. A cross Above 4150 would validate this setup.

CURRENCYCOM:US500
Bearish PatternsBeyond Technical AnalysisBullish PatternsChart PatternsDemand ZonediamondreversalS&P 500 (SPX500)SPDR S&P 500 ETF (SPY) Supply and DemandSupply Zoneus500

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