Hello everyone:
I am seeing a potential sell opportunity on SPY.
The current price action had a double tops, price correctively formed a rising wedge structure towards that area.
We see a sharp drop on the lower time frame, and a potential Head and Shoulder pattern in the making.
I will look for continuation structure to develop here before an entry will be enter.
Look for price to break out of the structure to the recent lows.
Thank you
I am seeing a potential sell opportunity on SPY.
The current price action had a double tops, price correctively formed a rising wedge structure towards that area.
We see a sharp drop on the lower time frame, and a potential Head and Shoulder pattern in the making.
I will look for continuation structure to develop here before an entry will be enter.
Look for price to break out of the structure to the recent lows.
Thank you
Nota
Price bounce back up, potentially creating a recent double tops, and small correction forming here. Still looking for the sell entry.Nota
Publicações relacionadas
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.
Publicações relacionadas
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.