It may fakeout above the trendline to trick traders but don't get it twisted. This bear market rally is almost done and it's a time for a major move. Lower high after lower high is suggesting downtrend continuation.
Are you ready for a 17 % dump? If you are not ready, this is a friendly reminder that it may be a right time to close your longs and enter shorts or stay on the sideline. It may take some time so be patient!
Good luck!
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SPX is retesting the heavy resistance which is a spot where the price may start the retrace. If it breaks the resistance, we may see 4300. Observing closely.
交易开始
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A downsloping resistance still acting as a resistance. Looks like rejection .
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Another attempt of breaking resistance has been unsuccessful. Waiting patiently for SPX to reach our targets.
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Bulls have their chance . Expecting the price to retest the major downsloping trendline. If we see a close above the trendline , it will be bullish. Decision time soon
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SPX got rejected at the resistance with a daily bearish engulfing candle.
We see this in the next week 👍🏻🤟🏼👍🏻💪🏼👍🏻🤲🏻👍🏻👌🏼👌🏼👌🏼👌🏼👍🏻⚜️
Williamforex
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Nice one
ProjectSyndicate
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need more setups just like this
JoeChampion
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Excellent pattern!
Gold-Tech
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Good one
RLinda
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Thanks for the idea) Cool chart
CryptoCheck-
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I think you may be right here !
Solldy
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Strong levels are waiting for us in the way of price 😬 Good luck in trading 🤞 , the current position is on our side!
UnknownUnicorn15614419
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That's a very interesting point of view. I think this scenario is possible for collecting liquidity, it would be very useful. And in the longer term, I'm looking at a price move in the other direction. Thanks for the hard work, mate)