Technical analysis of SPX.
Bearish count/analysis presented, cleaned up to present important points.
Parallel channels frame price action since March 2020 low nearly perfectly, with key pivots pointed out. With count presented, ((B)) is 200% of ((A)).
End of ((B)) counted with impulse ending with ending diagonal wedge. Impulsive price action broke through pitchfork support, looking to see if support now becomes resistance.
If pitchfork median line (red line) cannot be tagged, should be taken as bearish sign, and return to October 2022 price as likely. If that idea plays out, looking for channels to provide support/resistance for price down towards March 2020 low.
Bearish count/analysis presented, cleaned up to present important points.
Parallel channels frame price action since March 2020 low nearly perfectly, with key pivots pointed out. With count presented, ((B)) is 200% of ((A)).
End of ((B)) counted with impulse ending with ending diagonal wedge. Impulsive price action broke through pitchfork support, looking to see if support now becomes resistance.
If pitchfork median line (red line) cannot be tagged, should be taken as bearish sign, and return to October 2022 price as likely. If that idea plays out, looking for channels to provide support/resistance for price down towards March 2020 low.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.