S&P500 is trading inside a 1 year Channel Up with the price reaching today the 0.786 Fibonacci level, following the Fed rate hike.
Following the Bearish Megaphone that initiated November's rally, the can see that the last time such pattern started a rally, it peaked on the 0.786 Fibonacci (Dec 01 2022) before pulling back to the 0.236 level.
Trading Plan:
1. Sell on the current market price.
Targets:
1. 4500 (MA50 1d).
Tips:
1. The MACD (1d) is also printing the same pattern as the December 2022 High.
Please like, follow and comment!!
Notes:
Past trading plan:
Following the Bearish Megaphone that initiated November's rally, the can see that the last time such pattern started a rally, it peaked on the 0.786 Fibonacci (Dec 01 2022) before pulling back to the 0.236 level.
Trading Plan:
1. Sell on the current market price.
Targets:
1. 4500 (MA50 1d).
Tips:
1. The MACD (1d) is also printing the same pattern as the December 2022 High.
Please like, follow and comment!!
Notes:
Past trading plan:
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Join our private Telegram signals channel, with +70% accuracy for forex and crypto! 🎉
Also doing account management, earn +15% monthly profit!
👉CONTACT: t.me/tradingbrokersview
Stop gambling with your trades! 🎰
Start being profitable! 💰
Also doing account management, earn +15% monthly profit!
👉CONTACT: t.me/tradingbrokersview
Stop gambling with your trades! 🎰
Start being profitable! 💰
Wyłączenie odpowiedzialności
Informacje i publikacje nie stanowią i nie powinny być traktowane jako porady finansowe, inwestycyjne, tradingowe ani jakiekolwiek inne rekomendacje dostarczane lub zatwierdzone przez TradingView. Więcej informacji znajduje się w Warunkach użytkowania.