After putting in a retracement to retest previous structure lows the S&P is now trading at the right should of what may turn out to be a head and shoulders bottom pattern.
The head and shoulders is a classic reversal pattern & IF completed I would predict that we're likely to retest the previous structure highs which line up at a one - to - one measured move & a fibonacci extension level.
Akil
The head and shoulders is a classic reversal pattern & IF completed I would predict that we're likely to retest the previous structure highs which line up at a one - to - one measured move & a fibonacci extension level.
Akil
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Full Recordings of our Trading Event (Available until 8.31)- members.tieronetrading.com/launch-offer
🎵Check Out My Top-Rated "TRADING COACH PODCAST" (Available On Your Favorite Podcasting App)
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.