PontusTrader

SPX500 Bearflag with rising wedge on hourly

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OANDA:SPX500USD   S&P 500 Endeksi
Could be a big sell if the flag breaks - just be careful on longs, tight stops.
Yorum:
Second attempt this morning to break out of wedge - Bulls be careful, you are on the attack - your flank is exposed cause you're attempting a breakout of a bearish pattern (rising wedge).
Yorum:
Appears wedge breakout was a trap.
Update chart, this bear flag support has to hold or we waterfall down.
Yorum:
Flag held, but now we have a pullback to rising wedge resistance breakdown, partial profits should be taken.
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It's a strong support area, could be just a liquidity test before ripping higher. Hard to open a new position here if you're not already in - staying in cash for now.
Yorum:
Bulls screwed up here letting this flag break. We'll see how tomorrow plays out.
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.