S&P500 / SPX is trading inside a Falling Wedge since the November 19th low and today hit the pattern's bottom.
This has coincided with the 4hour RSI hitting the 30.00 oversold limit.
Every time this has take place, the price rebounded to at least its 0.786 Fibonacci and the 4hour MA200.
This time the 0.786 Fib is very close to the top of the Falling Wedge but we can technically target the 4hour MA200 a little lower at 5950.
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This has coincided with the 4hour RSI hitting the 30.00 oversold limit.
Every time this has take place, the price rebounded to at least its 0.786 Fibonacci and the 4hour MA200.
This time the 0.786 Fib is very close to the top of the Falling Wedge but we can technically target the 4hour MA200 a little lower at 5950.
Follow us, like the idea and leave a comment below!!
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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.
TheCryptagon offers news & insights on global markets (crypto, forex, stocks, commodities). Follow so you don't miss anything!
🤑Message us for private forex & crypto signals in our VIP channel (70% accuracy)!💰
TELEGRAM: t.me/thecryptagon
🤑Message us for private forex & crypto signals in our VIP channel (70% accuracy)!💰
TELEGRAM: t.me/thecryptagon
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.