Potential Head and Shoulders in S&P500
I am publishing this idea originally posted by Mr. Pablo Gil – worth considering so I share it with you.
youtube.com/watch?v=15Krsu4mbgQ
The latest price action suggests the potential formation of a right shoulder in a Head & Shoulders pattern.
Currently price is bouncing from 4275 (orange line) toward a target of 4500-4600 (light green lines).
The RSI currently at 38.07 suggests room to move to the upside.
The move to the 4500-4600 range can serve as a necessary bounce to take profits in this and other correlated markets (eg BTCUSD).
If the right shoulder forms, potential move to the downside targets 3792.
youtube.com/watch?v=15Krsu4mbgQ
The latest price action suggests the potential formation of a right shoulder in a Head & Shoulders pattern.
Currently price is bouncing from 4275 (orange line) toward a target of 4500-4600 (light green lines).
The RSI currently at 38.07 suggests room to move to the upside.
The move to the 4500-4600 range can serve as a necessary bounce to take profits in this and other correlated markets (eg BTCUSD).
If the right shoulder forms, potential move to the downside targets 3792.
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.