S&P500 / US500 is trading sideways as it attempts to form a bottom on the Rising Support of the Rising Wedge pattern.
The 4hour RSI rebounded from the oversold territory as on the August 18th bottom.
Every Higher High on the Wedge's top was a Fibonacci 1.618 extension from the previous one.
Buy now and target 4598 (Resistance B), which is slightly under the next Fibonacci 1.618 extension.
Previous chart:

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The 4hour RSI rebounded from the oversold territory as on the August 18th bottom.
Every Higher High on the Wedge's top was a Fibonacci 1.618 extension from the previous one.
Buy now and target 4598 (Resistance B), which is slightly under the next Fibonacci 1.618 extension.
Previous chart:

Follow us, like the idea and leave a comment below!!
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thecryptagon.com covers news & insights on global markets (crypto, forex, stocks, commodities)
Institutional services offered:
💰 Daily consulting
💰 Account management
💰 Mentorship
Contact: t.me/thecryptagon | info@thecryptagon.com
Institutional services offered:
💰 Daily consulting
💰 Account management
💰 Mentorship
Contact: t.me/thecryptagon | info@thecryptagon.com
免責聲明
這些資訊和出版物並非旨在提供,也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。
