SPY Rising wedge Pattern
-BEARISH Rising wedge pattern on the 2hr chart.
-Volume slowly decreasing the past week
- We could see another retest of the ATH before this Bearish scenario plays out
-If price breaks out above ATH with good volume, we could see another short term bullish move before any significant drop
-Every indicator is pointing towards a drop, we just don't know when until it happens. Tomorrow, next week, next year. The thing is, nobody knows and everyone will try to call a "TOP" and most of them will be wrong. That is why it is crucial to always have a game plan in place for if there is a correction or sudden drop in the market.
What are your thoughts on this analysis?
-Volume slowly decreasing the past week
- We could see another retest of the ATH before this Bearish scenario plays out
-If price breaks out above ATH with good volume, we could see another short term bullish move before any significant drop
-Every indicator is pointing towards a drop, we just don't know when until it happens. Tomorrow, next week, next year. The thing is, nobody knows and everyone will try to call a "TOP" and most of them will be wrong. That is why it is crucial to always have a game plan in place for if there is a correction or sudden drop in the market.
What are your thoughts on this analysis?
Bài đăng liên quan
Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.