SPX Trading in a symmetrical triangle, Symmetrical triangles tend to appear usually when a reversal is happening, for their bilateral nature to induce confusion among traders. However, this triangle is identical to the one before reaching all time high.The angles of the triangle are measuring the same as well. When the first triangle broke to the upside, we expect this one to break to the downside. So, A good chance for selling. Good luck.
ps. the triangle pattern is already completed. at the moment, price is testing the pivot resistance at 3915 before heading down. Go ahead and sell for a better price around the pivot when you find the right setup. Don't wait for the breakout of the triangle. just sayin' :)
ps. the triangle pattern is already completed. at the moment, price is testing the pivot resistance at 3915 before heading down. Go ahead and sell for a better price around the pivot when you find the right setup. Don't wait for the breakout of the triangle. just sayin' :)